SEOUL, November 06 (AJP) - Samyang Foods, the maker of Buldak spicy noodles, posted its highest-ever quarterly operating profit in the third quarter as overseas sales rose nearly 30 percent, the company said Friday.
According to regulatory filings, operating profit rose 49.9 percent from a year earlier to 196.2 billion won ($144.7 million) in the July to September quarter.
Revenue grew 25.3 percent to 791.8 billion won, also a quarterly high. Net profit fell 18.9 percent to 89.2 billion won.
Overseas sales climbed 29.4 percent to 660.8 billion won, or 83.5 percent of total revenue. The company credited wider global distribution and more efficient production at its domestic plants, including its factory in Miryang, South Gyeongsang Province.
Sales at its US unit jumped 36.6 percent to 212.5 billion won, driven by mainstream retailers such as Walmart and continued growth in shipments to Mexico.
The China unit's sales rose 13.2 percent to 208.9 billion won after the company expanded into snack retail channels. Sales in Europe grew 7.8 percent to 86.9 billion won.
Domestic sales rose 7.9 percent to 131.1 billion won.
"We continued our export growth by expanding distribution networks in key markets such as the United States and China," a Samyang Foods official said in a statement.
The company plans to raise efficiency at its domestic production sites and build out its global distribution infrastructure so it can meet overseas demand reliably, the official added.
Samyang Foods shares closed at 1,196,000 won, 2.53 percent lower than the day before.
AJP Takeaways
- Samyang Foods reported on Nov. 6, 2026, that its third-quarter operating profit rose 49.9 percent from a year earlier to 196.2 billion won, the highest for any quarter.
- Overseas sales rose 29.4 percent to 660.8 billion won and made up 83.5 percent of the company's 791.8 billion won in revenue. Sales at its US unit grew 36.6 percent.
- Net profit fell 18.9 percent to 89.2 billion won, while the operating margin stayed above 20 percent for a seventh straight quarter at 24.8 percent.
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