On the 14th, the company announced that its operating profit for the second quarter was 40.8 billion won, down 8.1% from the same period last year. Sales increased by 2.1% to 1.07 trillion won.
In the first half of the year, sales amounted to 2.22 trillion won, and operating profit was 98.1 billion won, representing increases of 5.1% and 6.5%, respectively, compared to the same period last year. An official from the company noted, "Despite sluggish domestic consumption, we worked to improve our performance through global food growth and cost-effective operations," and explained, "Due to the imposition of tariffs on Chinese lysine in Europe, the selling price of lysine has increased, sales volume has risen, and specialty sales have also expanded."
The company plans to focus on cost reduction and maximizing revenue through the establishment of a strategic supply chain. It aims to expand global food sales by securing new markets and diversifying local businesses, and to ensure profitability by operating a portfolio of high-revenue bio-products, including natural seasoning materials and microalgae.