[Edaily Reporter kim mi-kyung ] Nongshim ( Nongshim(004370)) announced on the 13th that its consolidated revenue for the third quarter of this year reached 929.6 billion won, a 6.7% increase from the same period last year. Operating profit for the same period was 49.7 billion won, down 8.6% from last year.

Net income fell 41.3% year-over-year to 29.7 billion won, primarily due to an increase in non-operating losses, including foreign exchange losses resulting from heightened exchange rate volatility.

A Nongshim official analyzed, “Growth at major overseas subsidiaries, such as those in the U.S. and China, along with strong export performance, drove the increase in revenue.” However, the official added, “In the domestic market, profitability came under pressure due to rising prices of raw materials, such as palm oil, and increased export-related costs, including ocean freight and energy expenses, leading to a decline in operating profit.”