[Edaily Reporter Kim Ji-woo ] SamyangFoods(003230)continued to post double-digit growth in both revenue and operating profit in the second quarter of this year, driven by growth in its overseas operations. Overseas revenue exceeded 600 billion won for the first time on a quarterly basis, and the operating profit margin remained in the 20% range for the sixth consecutive quarter.

SamyangFoods announced on the 14th that it recorded consolidated revenue of 770.3 billion won and operating profit of 176.2 billion won for the second quarter of this year. Compared to the same period last year, revenue increased by 39.3% and operating profit by 46.7%.

Overseas operations drove this earnings growth. Second-quarter overseas revenue reached 645.8 billion won, a 46.7% increase from the same period last year. This marks the first time quarterly overseas revenue has exceeded 600 billion won, setting a new record high.

SamyangFoods explained that the expansion of its overseas distribution network and improvements in the efficiency of its domestic production facilities supported the increase in global demand. Its flagship product, the Buldak brand, surpassed cumulative sales of 10 billion units at the end of May and continues to grow in overseas markets.

Growth was also evenly distributed across major overseas subsidiaries by region. Sales in the Americas reached 203.6 billion won, a 54% increase compared to the same period last year. This was driven by increased sales in Central America, including Mexico, as the company expanded its sales channels to include major U.S. retail chains and Asian grocery stores.

Sales in China reached 181 billion won, a 44% increase compared to the same period last year. The company expanded its distribution network to include snack channels in addition to existing sales channels, thereby broadening its consumer reach.

Europe recorded the highest growth rate. Second-quarter sales in Europe reached 80.6 billion won, a 61% increase compared to the same period last year. Growth accelerated as the company expanded into new countries within the region, in addition to strong sales in key markets such as Germany and France.

Along with revenue growth, profitability also improved. SamyangFoods’ second-quarter operating profit margin was approximately 23%, maintaining a margin in the 20% range for the sixth consecutive quarter. Factors contributing to the improved profitability included an optimized sales channel mix resulting from the enhancement of the overseas sales network, increased production efficiency, and the positive impact of favorable exchange rates.

A SamyangFoods official stated, “Despite global economic uncertainty, we achieved solid results by further solidifying our growth structure centered on overseas operations,” adding, “We will continue to grow by strengthening the roles of our overseas subsidiaries in each region and enhancing our domestic and international production infrastructure to support global demand.”