Korean confectionery maker Orion has announced that its business performance in the first half of 2024 has posted the highest growth rate ever recorded and a record revenue, with particularly impressive results in the Vietnamese and Chinese markets. The company's subsidiary in Vietnam grossed a revenue of 216.6 billion KRW, marking a 7.7% growth due to increased market share of Choco Pie, rice crackers, and mass-produced bread. Its operating profit reached 34.8 billion KRW, up 16.2% thanks to cost efficiencies, including reduced logistics and advertising expenses. Source: Vietnam News Agency
Monday, September 16, 2024