CJ Cheiljedang Reports 213.5% Increase in Q1 Net Income

Seoul - CJ Cheiljedang Corp announced a significant rise in its first-quarter net income, which reached 154.6 billion won (US$113 million), marking a 213.5 percent increase from the previous year.

According to Yonhap News Agency, the company's operating income for the January-March period also grew by 48.7 percent to 375.9 billion won, while its revenue saw a modest rise of 2 percent to 7.21 trillion won. These figures surpassed market expectations, with analysts' average net profit estimate previously standing at 97.2 billion won, as reported by Yonhap Infomax.

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