Foodwell Corp.KRX: 005670

FOODWELL: Revenue up 12.6% to KRW 159.6B, operating profit up, but net income declined on higher costs

· Issued by Foodwell Corp.

Revenue grew 12.6% year-over-year to KRW 159.6B, with operating income up 58% to KRW 11.0B, but net income declined to KRW 6.7B due to higher tax and non-operating costs. The company expanded through acquisition and maintained strong cash flow and a stable dividend.

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