Processed food boosts CJ’s Q1 profit

May 16, 2018

CJ CheilJedang Corp, South Korea’s leading food giant, said it posted a 9.2% on-year growth in its Q1 operating profit. This was on the back of the success of its processed foods and bio business. Operating income came to USD 195.9 million on a consolidated basis in the January-March period, compared with USD 140.7 million a year earlier. Sales also rose 12.5% percent on-year to reach USD 4 billion.