Genesis BBQ, which operates the chicken franchise BBQ, announced on the 14th that it recorded a consolidated operating profit of 85.7 billion won last year. This is a 31.1% increase from the previous year.
According to the Financial Supervisory Service, Genesis BBQ's sales during the same period reached 506.1 billion won, an increase of 6.2% from the previous year. The consolidated net profit was 48.8 billion won, up 16.4% from the previous year.
On a standalone basis, the sales were 503.2 billion won and the operating profit was 78.3 billion won. Sales increased by 6.3% and operating profit by 41.3% compared to the previous year.
A representative from Genesis BBQ said that "the increase in sales was driven by the rise in the number of domestic stores and sales volume in large company-owned stores last year," adding that "profitability improved as advertising costs were reduced and the profitability of company-owned stores improved."