CJ CheilJedang on Nov. 10 posted a third-quarter operating profit of 309 billion won ($229.6 million) in its preliminary earnings filing, down 7.4 percent from a year earlier on a restated basis, as a 25.3 percent fall at logistics subsidiary CJ Logistics weighed on results. Revenue rose 7.0 percent to 7.40 trillion won.
Excluding CJ Logistics, operating profit rose 6.9 percent to 203 billion won. The core materials division increased operating profit 36.0 percent to 108.5 billion won and the lifestyle food division held steady at 118.7 billion won, while the tech materials division posted an operating loss of 24.2 billion won.
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