Pulmuone's stock is showing strength in the early hours of trading on the 26th. This is interpreted as a response to last year's record performance, where it surpassed 3 trillion won in revenue for the first time, as well as expectations that its overseas corporate operations will turn to profit this year.

Packaged tofu is being produced at the Pulmuone USA Fullerton factory located in California, USA. /Courtesy of Pulmuone

Pulmuone's stock is trading at 17,710 won as of 9:42 a.m. on the 26th, up 5.48% (920 won) from the previous trading day on the stock market. At one point during trading, the stock rose to 19,320 won, setting a new 52-week high.

Pulmuone reported its first ever revenue of 3 trillion won last year. Pulmuone's preliminary figures indicate it recorded 3.22137 trillion won in revenue and 92.1 billion won in operating profit last year. This reflects increases of 7.4% and 48.6%, respectively, compared to the previous year. Net profit also rose from 13.4 billion won in 2023 to 34 billion won last year.

In addition, forecasts from the securities industry suggest that the combined profit and loss of its overseas subsidiaries will turn to profit this year. Shin Eun-joo, an analyst at Hana Securities, noted, "The combined profit and loss of overseas subsidiaries is expected to shift from a loss of 6.4 billion won in 2024 to a profit of 5 billion won this year."