ID :
49010
Thu, 03/05/2009 - 06:58
Auther :
Shortlink :
https://www.oananews.org//node/49010
The shortlink copeid
Nong Shim seeks 20 pct sales growth in 2009
SEOUL, March 4 (Yonhap) -- Nong Shim Co., South Korea's largest maker of instant noodles, said Wednesday it aims to increase sales about 20 percent this year, thanks to stabilizing costs for raw materials and growing noodle sales amid an economic slump.
Nong Shim projected sales of 2 trillion won (US$1.28 billion) for 2009, compared
with 1.67 trillion won last year, the company said in a regulatory filing.
This year, South Korea's economy is on the brink of falling into its first
recession in a decade, but the economic woes would typically help Nong Shim
increase sales of instant noodles, called ramyeon here, which cost about 600 won
per pot, analysts say.
(END)
Nong Shim projected sales of 2 trillion won (US$1.28 billion) for 2009, compared
with 1.67 trillion won last year, the company said in a regulatory filing.
This year, South Korea's economy is on the brink of falling into its first
recession in a decade, but the economic woes would typically help Nong Shim
increase sales of instant noodles, called ramyeon here, which cost about 600 won
per pot, analysts say.
(END)
