From BigGo Finance · BigGo Finance · · 1m
Nongshim Q3 Revenue 929.6 Billion Won
Nongshim's overseas growth boosts Q3 revenue despite profit drop.
In brief
Nongshim's overseas growth boosts Q3 revenue despite profit drop. Nongshim reported Q3 revenue of 929.6 billion won, up 6.7% from last year, driven by U.S. and Chinese subsidiaries and European exports. Originally reported by BigGo Finance.
Q3 Revenue Growth
Nongshim reported Q3 revenue of 929.6 billion won, up 6.7% from a year earlier.
Overseas Subsidiaries Drive Growth
U.S. and Chinese subsidiaries contributed 11.8% and 21.8% year-on-year revenue increases.
European Sales Surge
European revenue nearly tripled to 102.5 billion won from 32.9 billion won in the same period.
Overseas Revenue Share
Overseas sales accounted for 39.4% of cumulative revenue, up 2.6 percentage points from a year earlier.
Operating Profit Decline
Operating profit fell 8.6% to 49.7 billion won due to rising palm oil prices and export costs.
Currency Impact on Profits
Foreign-exchange losses increased to 13.4 billion won from 1.9 billion won in the quarter.
2030 Revenue Target
Nongshim aims to reach 7.3 trillion won revenue by 2030 through export expansion.
The main idea
Nongshim reported Q3 revenue of 929.6 billion won, up 6.7% from last year, driven by U.S. and Chinese subsidiaries and European exports.
