ORION announced on the 14th that its consolidated operating profit for the second quarter of this year was 121.5 billion won. This figure is a decrease of 0.2% compared to the same period last year.
According to the Financial Supervisory Service's electronic disclosure system, sales during the same period reached 777.2 billion won, an increase of 8.1% compared to the same period last year.
For the first half of the year, ORION recorded sales of 1.5789 trillion won. This is an increase of 7.6% compared to the same period last year. Operating profit during the same period was 252.8 billion won, a 2.4% increase from the previous year.
By corporation, the sales of the Korean subsidiary in the first half reached 573.7 billion won, a 4.4% increase compared to the same period last year. Operating profit during the same period was 94.9 billion won, an increase of 4.5%. The Chinese subsidiary, despite lacking the Lunar New Year effect this year, recorded sales of 633 billion won, which is a 5.1% increase compared to the previous year. Operating profit was 108.2 billion won, a decrease of 1.7%.
The Vietnamese subsidiary, without the Tet holiday effect, also recorded sales of 230.9 billion won, an increase of 6.6% compared to the same period last year. During the same period, operating profit was 35.6 billion won, an increase of 2.3%. The Russian subsidiary recorded sales of 148 billion won, an increase of 48.6% compared to the same period last year. Operating profit during the same period was 18.3 billion won, which is an increase of 25.5%.
Starting in the second half, ORION plans to continue its growth by strengthening sales focused on cost-effective products and expanding the volume and diversification of items in major export countries such as the United States, Europe, and China. New products are also set to be actively launched. In particular, in line with health trends, ORION plans to expand its low-sugar product line, including granola, pies, and bars, and to enhance nutritional and functional ingredients.
An ORION official said, "Despite the difficult business environment due to economic recession and other challenges, we maintained a growth trajectory by launching more than 50 new products in the first half through proactive research and development efforts," adding, "Based on product strength and sales capability, we will actively respond to the rapidly changing domestic and international markets and will ensure thorough management of manufacturing costs to achieve healthy growth in both size and revenue."