Samyang Foods on Nov. 6 reported in its preliminary earnings filing an operating profit of 196.2 billion won ($144.7 million) for the quarter ended September. That was up 49.9 percent from a year earlier and was driven by overseas sales of its Buldak spicy noodles. Revenue rose 25.3 percent to 791.8 billion won.
Overseas sales reached 660.8 billion won, or 83.5 percent of revenue. Sales at the US unit rose 36.6 percent and sales at the China unit rose 13.2 percent. The operating margin was 24.8 percent, above 20 percent for the seventh consecutive quarter.
For the full quarterly results, read our earlier report.
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