On the 15th, NAMYANG DAIRY PRODUCTS announced that it recorded a consolidated revenue of 215.6 billion won and an operating profit of 77.69 million won for the first quarter of this year. Compared to the same period last year, revenue decreased by 7.9%. However, operating profit returned to the black.
Since the largest shareholder changed to Hahn & Company in January of last year, NAMYANG DAIRY PRODUCTS has been working on normalizing its management through the establishment of a transparent governance structure and focusing on core businesses. Consequently, it has recorded three consecutive quarters of profits starting from the third quarter of last year.
A NAMYANG DAIRY PRODUCTS official noted, "We will continue to strengthen our core business competitiveness and quality innovation, and maintain consumer trust and stable growth through a sustainable management system that includes ESG."