consolidation posted an operating profit of 46.5 billion won on a consolidation basis in the second quarter of this year, up 16.2% from a year earlier, it disclosed on Aug. 14. Revenue for the same period rose 8.3% to 1.1658 trillion won, and net profit increased 7.6% to 19.6 billion won.
Cumulative revenue on a consolidation basis for the first half of this year was 2.2756 trillion won, up 3.1% from 2.2067 trillion won a year earlier. Operating profit increased 6.9% to 103.5 billion won.
A Daesang official said the food business profitability improved due to better manufacturing costs and management efficiency, and noted the global food institutional sector grew through development of locally tailored products and expansion into new markets and bases.
The official added, "We will strengthen a growth strategy based on revenue by expanding high value-added product lines, such as expanding new target markets for broth and menu seasonings and reinforcing our health-oriented portfolio," and said, "We will secure growth momentum for the global food business by expanding into new countries and channels worldwide."