April 26, 2024

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Its revenue in the period will come in at 557.5 billion won and operating profit at 36.1 billion won, estimated analyst Han Kuk-heui. Beverages and liquor have maintained a single-digit growth rate but operating profit from these sectors will fall slightly due to rise in raw material price hike and operational costs, explained the analyst 

Its beer brand Kloud has slowed down in growth and revenue from other liquor brands including whiskey has slid, too. 

The beer division which is making losses will continue to suffer burdened by the cost of operating a new factory and marketing for a new brand, Han pointed out. 

The stock price, however, is not likely to slide further as it remains at 0.8 times the price-to-book ratio as of this year, said the analyst. 

By Hwang You-mee (glamazon@heraldcorp.com)