Samyang Foods posted record Q3 operating profit, up 49.9% to 196.2B won, on revenue up 25.3% to 791.8B won. Overseas is 83.5% of sales and the US subsidiary grew 36.6% on Walmart distribution. Buldak

What happened: Samyang Foods reported record preliminary third-quarter results on strong Buldak sales in the US and China, putting it within reach of 3 trillion won in annual revenue. Key numbers: Q3 revenue 791.8 billion won, up 25.3 percent on-year. Operating profit 196.2 billion won, up 49.9 percent. Cumulative revenue 2.28 trillion won. Why it matters: Industry watchers expect the company to surpass the 3 trillion won threshold on continued overseas demand. Samyang said it will keep meeting growing export demand through plant efficiency and a streamlined global distribution network.

Samyang Foods reported record preliminary third-quarter results on strong Buldak sales in the US and China, putting it within reach of 3 trillion won in annual revenue.

Industry watchers expect the company to surpass the 3 trillion won threshold on continued overseas demand. Samyang said it will keep meeting growing export demand through plant efficiency and a streamlined global distribution network.