J CheilJedang Q2 net rises more than 5-fold

CJ CheilJedang-Q2 earnings

C
SEOUL, July 29 (Yonhap) -- CJ CheilJedang Corp., South Korea's biggest food
company, said Thursday that its second-quarter net income rose more than
five-fold from a year ago on profits from equity investments.
Net profit came to 443 billion won (US$372.7 million) in the April-June period,
compared with 83.4 billion won a year earlier, CJ CheilJedang said in a
regulatory filing.
Revenue, however, fell 0.6 percent on-year to 932 billion won in the period, and
operating profit fell 37.4 percent to 46.6 billion won.
For the first half of the year, net income rose more than six-fold from a year
ago, and sales gained 0.1 percent to 1.9 trillion won. Operating profit fell 13.3
percent to 104.6 billion won.
Shares of CJ CheilJedang advanced 0.79 percent to close at 255,000 won on the
Seoul bourse.
ksnam@yna.co.kr
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