Lotte Food (002270) announced on the 13th that it was tentatively counted as recording an operating profit of 2.667 billion won on a consolidated basis in the first quarter of this year. This is a 71% decrease from 9,297.75 million won in the same period of the previous year.
During the same period, the quarterly loss and profit was 3.414.68 million won, down 52% from the 7,114.47 million won in the same period last year.
However, sales amounted to 413.363.35 million won, an 11% increase from 371.314.49 million won in the same period last year.
Lotte Food said, “Sales grew mainly in core business divisions (oil fat, HMR, ice cream, etc.) As a result, there was a temporary decrease in revenue.”
He continued, “In the second quarter, it is expected that sales will continue to grow and profitability will improve due to the influence of core business development and re-opening (resuming economic activities). I look forward to it,” he added.
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