Leading future agriculture corporation Daedong recorded sales of 414.6 billion won and operating profit of 25.1 billion won in the second quarter of this year. The performance declined due to investments in future businesses and the impact of U.S. tariffs.
Daedong announced on the 14th that it recorded sales of 414.6 billion won and operating profit of 25.1 billion won in the second quarter of this year. These figures represent a decrease of 0.5% and 30.4%, respectively, compared to the same period last year.
A Daedong official noted, "This is due to the increase in promotional expenses caused by the reduction of domestic and international markets, along with continued investment in future businesses." Additionally, the impact of the U.S. tariff, which has been applied at 10% since April, was also felt.