On Wednesday, South Korean company Lotte Wellfood Co. announced a third-quarter net profit of 71.3 billion won (US$52.6 million), a surge of 101.5 percent compared to the same period of the previous year.
The firm also revealed an operating profit of 80.6 billion won for the quarter, a significant rise from 57.2 billion won in the same quarter of the previous year. Revenue, however, decreased 1.5 percent to 1.08 trillion won.
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