Celltrion has set a goal to achieve an operating profit of over 600 billion won in the fourth quarter of this year.
In a letter to shareholders posted on its website on October 19, Celltrion stated, "We have successfully met our quarterly operating profit targets of 300 billion won for the first quarter, 400 billion won for the second quarter, and 500 billion won for the third quarter, as presented at the beginning of the year. We are now focusing our efforts to achieve over 600 billion won in the fourth quarter."
To reach this target, Chairman Seo Jung-jin is taking a hands-on approach. Since mid-October, he has been visiting major global markets to inspect local operations and encourage sales activities. Earlier this month, he reviewed sales performance and forecasts with over 80 executives from overseas subsidiaries and headquarters in Uzbekistan.
Celltrion plans to enhance its competitiveness by efficiently executing its research and development budget and reducing manufacturing costs.
The company will also continue its shareholder return policy. Celltrion stated, "In accordance with our principle of returning one-third of net profit through cash dividends and stock buybacks, we will gather shareholder opinions to devise a reasonable plan."
Previously, on October 12, Celltrion announced that its consolidated revenue for the third quarter reached 1.5 trillion won, with an operating profit of 510 billion won. This represents a 45.8% increase in revenue and a 69.2% increase in operating profit compared to the same period last year, marking record highs for the quarter. Cumulative revenue for the first three quarters stands at 4.0387 trillion won, putting the company within reach of its annual revenue target of 5.3 trillion won set at the beginning of the year.
* This article has been translated by AI.
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