Nongshim Co., Ltd. Reports Earnings Results for the First Six Months Ended June 30, 2016
August 27, 2016 at 09:05 am IST
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NongShim Co., Ltd. reported earnings results for the first six months ended June 30, 2016. For the period, the company reported that net profit of KRW 158.6 billion, compared to KRW 59.9 billion for the same period ended June 30, 2015. Sales were KRW 1.09 trillion, compared to KRW 1.07 trillion for the same period ended June 30, 2015. Operating profit was KRW 44.8 billion, compared to KRW 51.9 billion for the same period ended June 30, 2015. Profit before income tax was KRW 176.8 billion, compared to KRW 80 billion for the same period ended June 30, 2015.
Nongshim Co Ltd is a Korea-based company principally engaged in the manufacture and sale of instant noodles. The Companyâs products consist of instant noodles in the forms of packs, cups and bowls under brand names of shinramyun, ansung tang myun, chapagetti, neoguri and others; snacks, including shrimp crackers, honey twist snacks, cuttlefish snacks, onion rings, potato chips, sweet potato chips, pizza snacks and others; instant rice series, as well as beverages, such as fruit drinks, carbonated drinks, coffee and bottle water, and other food products. The Company distributes its products in domestic and overseas markets.