[뉴스투데이=황도은 기자] Namyang Dairy Products announced on the 14th that it recorded sales of 237.5 billion won and operating profit of 1.7 billion won on a consolidated basis in the third quarter of this year. Sales increased 2.3% from 232.1 billion won in the previous quarter, and operating profit increased 84% from 900 million won.
In the third quarter, strong sales of major B2C-focused products and growth of new products were notable. Domestic sales were driven by the expanded products of the processed milk brand ‘Chocoemon’, such as ‘Matchaemon’, ‘Chocoemon Mini Sugar-Free‘, and fermented milk ‘Bulgaris Sugar-Free Plain’. Protein drinks ‘Take Fit Max’ and ‘Take Fit Monster‘ and health drink ’17th’ also continued to grow and contributed to performance improvement.
Milk sales amounted to KRW 130 billion, a 2.6% increase from KRW 126.8 billion in the previous quarter. The strong online and offline sales of the new product ‘Matchaemon’ and the low-sugar concept of ‘Chocoemon Mini Sugar-Free’ led to the expansion of domestic demand. Accordingly, domestic sales led the overall growth with 129.9 billion won.
Powdered milk recorded KRW 46.7 billion, down 4.3% from the previous quarter due to seasonal shipment patterns. However, it increased by 9% compared to 42.8 billion won in the same period last year. Domestic sales expanded to KRW 40.5 billion (+8% from the previous year) and exports expanded to KRW 6.2 billion (+18% from the previous year), while demand for ‘Imperial
Other sector sales were KRW 60.7 billion, up 7.4% from KRW 56.5 billion in the previous quarter. The proportion of non-milk categories continues to increase, especially protein drinks and health drinks.
Operating profit recorded KRW 1.7 billion, an increase of approximately 3.3 times compared to the same period last year, reflecting the reorganization of cost structure and efficiency of promotion and distribution costs. As the strategy to improve the company’s constitution, which has been promoted since last year, is in full swing, it has been showing a steady upward trend since turning into a surplus in the third quarter of last year.
A Namyang Dairy official said, “Improvement of the product portfolio in line with market changes and efficient operation worked stably this quarter,” and added, “We will strengthen the competitiveness of key products such as milk, protein, and powdered milk to lay the foundation for sustainable growth.”
