The stock price of Samyang Foods, which surpassed 300 billion won in operating profit for the first time last year thanks to the popularity of spicy chicken ramen, is on the rise.
According to the Korea Exchange on the 6th, as of 9:14 a.m., Samyang Foods is trading at 763,000 won, an increase of 59,000 won (8.38%) compared to the previous trading day.
The previous day, Samyang Foods announced that it recorded an operating profit of 344.2 billion won on a consolidated basis for last year, which is a 133% increase compared to the previous year (147.5 billion won).
During the same period, revenue increased by 45% from 1.1929 trillion won to 1.1729 trillion won. Net income rose to 272.2 billion won, a 115% increase from the previous year.
This is the largest performance since its establishment, and Samyang Foods has continued to grow for eight consecutive years since the export of "spicy chicken ramen" began in 2016.
In particular, as the share of overseas sales, which are highly profitable, increased, operating profit surpassed 300 billion won for the first time in history. The operating profit margin also rose from 12% in 2023 to 20% last year, expanding profitability.
Jang Ji-hye, a researcher at Daishin Securities, noted, "Samyang Foods' annual revenue and operating profit are expected to increase by 19% and 24%, respectively, compared to the previous year," and added, "It is expected to demonstrate differentiated performance growth within the industry."