Lotte Chilsung Beverage reported improved Q3 results driven by overseas growth. Operating profit rose 16.6% year-on-year to KRW 91.8 billion, with revenue of KRW 1.0792 trillion and net profit up 39.3% to KRW 62.0 billion. Domestic beverage sales were mixed: overall beverage revenue dipped slightly while profit grew; carbonated drinks like Cider Zero (Chilsung Cider Zero) and new energy drinks boosted sales. Exports of Milkis, Lets Be (Lotte’s ready-to-drink coffee), and aloe juice expanded to some 50 countries, lifting beverage export sales by 7.5%. Alcohol sales fell in revenue but operating profit rose; soju exports such as Sunhari (a fruit soju) performed well overseas. The global segment saw revenue up 9.5% and operating profit up 44.8%, with gains in the Philippines and Myanmar despite challenges in Pakistan. The company plans to further target advanced markets and consider expanding bottling operations to capture growing global interest in K-food and beverages.
