LOTTE Wellfood reported on the 9th that its consolidated operating profit for the first quarter of this year was 16.3 billion won, a decrease of 56.1% compared to 37.3 billion won for the same period last year. During the same period, revenue was 97.51 billion won, which is a 2.5% increase compared to the same period last year.
LOTTE Wellfood noted, " profitability has deteriorated as the burden of material and supplies prices, including Kakao, has increased, " and added, " sales expansion is expected primarily in India, and profitability is anticipated to improve through productivity enhancement and an increased proportion of high-revenue products."