Hyundai G.F Holdings turned its operating profit from the previous year into a surplus. Annual revenue also grew by over 180% due to the inclusion of Hyundai Home Shopping.
According to the Financial Supervisory Service's electronic disclosure system on the 14th, the annual consolidated operating profit for 2024 was provisionally estimated at 198.1 billion won, marking a return to profit compared to the previous year.
During this period, annual revenue was estimated to have increased by 181.8% to 7.4093 trillion won. The annual net profit for the period was reported to be 790.3 billion won, a decrease of 28.2%.
Looking at the fourth-quarter results, the quarterly operating profit returned to a surplus at 20.3 billion won. Sales during this period also accounted for an increase of 95.7% compared to the same period last year, totaling 2.148 trillion won.
Regarding this, a representative of Hyundai G.F Holdings noted, "Due to the consolidation effects of Hyundai Green Food in the fourth quarter of 2023 and the second quarter of last year with Hyundai Home Shopping, sales increased by 181.1% and operating profit also rose, resulting in a return to surplus."