Lotte Well Food's operating profit last year was 177 billion won...up 57% from the previous year

Lotte Well Food (280360) announced on the 2nd that it recorded an operating profit of 177 billion won (approximately 19.6 billion yen) on a consolidated basis last year, an increase of 57.5% compared to the same period last year.
. Sales for the same period amounted to 4,066.3 billion won (approximately 450.4 billion yen), an increase of 26.9% compared to the same period last year. In addition, net income increased by 54.4% year on year to 67.8 billion won.
(approximately 7.5 billion yen). The company stated, ``Due to Lotte Confectionery's absorption-type merger with Lotte Food in July 2022, sales and operating income increased.''
Lotte Confectionery merged with Lotte Food on July 1, 2022, and then started anew as Lotte Well Food in April last year.