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MARKET PULSE · South Korea

Lotte Chilsung profit falls 37.9% as beverage and overseas sales weaken

Lotte Chilsung Beverage reported third-quarter revenue of KRW1.05 trillion, down 2.7%, and operating profit of KRW57.0 billion, down 37.9%. Domestic beverage and overseas performance weakened, while operating profit from alcoholic drinks rose 24.1%.

By F&BSG Editorial · F&BSG edition · Original source: Yonhap News Agency · Source published

What happened

Lotte Chilsung Beverage reported third-quarter revenue of KRW1.05 trillion, down 2.7%, and operating profit of KRW57.0 billion, down 37.9%. Domestic beverage and overseas performance weakened, while operating profit from alcoholic drinks rose 24.1%.

Source and editorial note

This is F&BSG’s summary of reporting by Yonhap News Agency. Read the original source for the full context and any subsequent updates.

Read the original at Yonhap News Agency ↗

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