Nongshim disclosed on the 15th that it posted 67.4 billion won in operating profit on a consolidation basis in the first quarter of this year. That was up 20.3% from a year earlier. Revenue was 934 billion won, up 4.6% in the same period.
Nongshim said operating profit rose thanks to improved profitability driven by strong overseas business.
While revenue at domestic subsidiaries fell 2.8% from a year earlier, performance at major overseas subsidiaries in the United States, China, and Japan improved, lifting revenue at overseas subsidiaries by 23.1%.
By country, first-quarter revenue totaled 718.5 billion won in Korea, 111.2 billion won in China, 164.1 billion won in the United States, 37.2 billion won in Europe, 36.4 billion won in Japan, 24.8 billion won in Canada, 18.2 billion won in Australia, and 4.6 billion won in Vietnam.