Consolidated revenue rose 16 percent to 930.4 billion won in the January to March period, according to a regulatory filing released Friday. Orion, the country's second-largest snack maker and the original producer of Choco Pie, said overseas units in China, Russia and Vietnam drove the gains.
The Russian arm posted a 66.2 percent surge in operating profit to 14.2 billion won as revenue rose 34.7 percent to 90.5 billion won, lifted by expanded capacity for fish-shaped pastries and fresh pies.
China revenue jumped 24.8 percent to 409.7 billion won on Lunar New Year demand and stronger pie and potato-snack sales, while operating profit there leapt 42.7 percent to 79.9 billion won.
The Vietnam unit logged a 17.9 percent revenue rise to 151.3 billion won on Tet holiday spending and new product launches, and India sales soared 67 percent to 9.8 billion won.
Domestic earnings held steady, with revenue inching up 0.4 percent to 283.4 billion won despite sluggish local consumption and rising raw material costs.
Orion plans to accelerate capacity expansion in the second half, including a new production line for Poca Chips crisps at home, completion of a third plant in Hanoi, and a doubling of fish-shaped pastry output in Russia alongside construction of a new factory in Tver.
"We will expand supply volumes through pre-emptive investment in production and logistics facilities at home and abroad, and further lift our growth momentum in the second half," a Orion spokesperson said.
Shares of Orion traded at 139,600 won pert stock at 3:10 p.m., 2.58 percent lower than the day before.
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