Pulmuone, third quarter operating profit of 4 billion won... 89.6% decrease compared to the same period last year

Sales increased by 3% to KRW 915.1 billion... Net profit converted to deficit

(Seoul = Yonhap News) Reporter Kim Se-rin = Pulmuone [017810] announced on the 13th that its consolidated operating profit in the third quarter of this year was 4 billion won, a decrease of 89.6% compared to the same period last year.

Sales increased 3.0% to 915.1 billion won.

The net loss for the period was 20.3 billion won, turning from a surplus of 21.7 billion won to a deficit in the same period last year.

Pulmuone explained that the profitability of its domestic business has slowed due to the increased burden of raw material costs and the reflection of one-time costs to improve the efficiency of its workforce structure.

He added that overseas business also increased sales, but the improvement in profitability did not meet expectations.

A Pulmuone official said, "We plan to secure a stable foundation for growth and strengthen profitability-oriented management by promoting company-wide management efficiency, including improving operational efficiency and improving overseas business profitability."