CJ Cheiljedang's Gains Soar on Ready Meals
10 February, 2021
Food maker CJ Cheiljedang's operating earnings surpassed W1 trillion for the first time last yr because of soaring sales of set meals in lockdown.
CJ said Tuesday that consolidated product sales grew 8.5 percent to W24.2 trillion, while operating profit surged 51.6 percent to W1.36 trillion (US$1=W1,121).
"Innovations in our business structure paid and profitability much better drastically," a good staffer explained. "Our global business observed steep expansion with overseas sales accounting for a lot more than 60 percent of the total."
The mainstay food business' sales rose 12 percent to W8.97 trillion this past year. Domestic sales were relatively flat, but overseas sales surged 31 percent.
The staffer said, "Many persons will probably continue avoiding eating dinner out, so we expect our sales to keep growing this season."
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