Nongshim (004370) Q4 2024 earnings summary
Event summary combining transcript, slides, and related documents.
Q4 2024 earnings summary
5 Jun, 2025Executive summary
Revenue grew 0.8% year-over-year to KRW 3,439bn, with domestic sales up 2.0% and overseas sales down 2.1%.
Gross profit margin declined to 28.1% from 30.4% due to higher material costs.
Operating profit fell 23% year-over-year to KRW 163bn, and net profit decreased 7.6% to KRW 158bn.
Financial highlights
Consolidated assets increased to KRW 3,597bn, and equity rose to KRW 2,673bn.
SG&A expenses decreased, notably advertising costs dropping from KRW 163bn to KRW 107bn.
Non-consolidated sales rose 4.9% year-over-year, led by strong export and import growth in the 'Others' segment.
Outlook and guidance
Forward-looking statements note risks and uncertainties that may impact actual results.
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