[Edaily Reporter Kim Kyung-eun ] CJ CheilJedang Corp(097950)shares are plummeting in early trading on the 11th after the company reported second-quarter earnings that fell short of market expectations.
According to MP Doctor, as of 9:27 a.m. today, CJ CheilJedang Corp. is trading at 190,800 won, down 14,700 won (7.15%) from the previous trading day.
CJ CheilJedang Corp announced today that it recorded a consolidated operating profit of 257.6 billion won for the second quarter of this year, including CJ LOGISTICS. This represents a 27.1% decrease compared to the same period last year and falls approximately 6.6% short of the consensus estimate (average forecast).
Revenue for the same period increased by 1.7% to 7.3621 trillion won. The company posted a net loss of 3.9 billion won, marking a shift to a deficit.
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