Pulmuone's stock price is strong in early trading on the 23rd. News that Pulmuone's frozen gimbap is selling well in the Chinese market seems to have boosted investor sentiment.
On this day, Pulmuone's stock traded at 15,000 won in the KOSPI market at 9:27 a.m. The stock price rose by 20.1% (2,510 won) compared to the previous day.
The previous day, a media outlet reported that Pulmuone's Chinese subsidiary sold 2.5 million units of frozen gimbap since its launch in August of last year through this month. Thanks to its popularity, Pulmuone's Chinese subsidiary's sales for the first half of this year have reportedly grown about 30% compared to the same period last year.
Securities firms are also predicting Pulmuone's performance growth. According to financial information provider FN Guide, securities firms estimate that Pulmuone's second-quarter (April to June) sales were 840 billion won and operating profit was 20.5 billion won. This represents increases of 5.92% and 21.78%, respectively, compared to the same period last year.
In addition, it is projected that Pulmuone will maintain its growth trend with sales of 892.3 billion won and operating profit of 37.8 billion won in the third quarter (July to September) of this year.