Samyang Foods' second quarter sales and operating profits reach ”record high”... Overseas ratio: 78% (Korea)

South Korean food manufacturer Samyang Foods recorded its highest ever sales and operating profits in the second quarter (April to June).
Samyang Foods announced on the 14th that "on a consolidated basis, sales for the second quarter were 424.4 billion won (approximately 45.97 billion yen) and operating profit was
Compared to the same period last year, sales increased by 48.7% and operating profit increased by 103.2%.
In the second quarter, overseas sales increased 74.9% compared to the same period last year, and overseas sales accounted for 78% of total sales.
In particular, sales at the US subsidiary Samyang America increased by 125% compared to the same period last year. Meanwhile, operating profit increased by 10% compared to the same period last year due to the expansion of the profitable overseas division.
A Samyang Foods source said, "Unlike the early days when exports were centered on Asia, the United States and Europe have recently been driving the growth of our overseas division. Recently, we have been focusing on establishing a European subsidiary.
"As a result, we now have sales bases in all major export regions. Using this as a base, we will accelerate our efforts to capture local markets."