HiteJinro Cheongdam Tower./Courtesy of HiteJinro

HiteJinro announced on the 15th that its consolidated operating profit for the first quarter of this year was 62.7 billion won, a 29.7% increase compared to the same period last year. Revenue was 612.8 billion won, a decrease of 1.3%. Net profit increased by 45.2% to 38 billion won.

A representative from HiteJinro noted, "Despite the economic recession and consumer contraction, operating profit increased through continuous expense efficiency."

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