{"id":108537,"date":"2026-08-04T08:34:09","date_gmt":"2026-08-04T08:34:09","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/108537\/"},"modified":"2026-08-04T08:34:09","modified_gmt":"2026-08-04T08:34:09","slug":"hyundai-greenfood-q2-operating-profit-rises-23-4-cancels-13-3-billion-won-in-treasury-shares","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/108537\/","title":{"rendered":"Hyundai Greenfood Q2 Operating Profit Rises 23.4%, Cancels 13.3 Billion Won in Treasury Shares"},"content":{"rendered":"

\"PhotoPhoto courtesy of Hyundai Green Food<\/p>\n

Hyundai Greenfood achieved double-digit earnings improvement in the second quarter this year, driven by growth in its institutional catering and care food businesses. Along with the strong results, the company decided to cancel treasury shares worth 13.3 billion won and pay an interim dividend of about 10 billion won, strengthening its shareholder return policy.<\/p>\n

Hyundai Greenfood (453340.KS) reported second-quarter operating profit of 38.1 billion won on a consolidated basis, up 23.4% from the same period last year, the company said in a regulatory filing on the 4th. Revenue over the same period rose 7.8% to 595 billion won, while net profit increased 30.7% to 30.6 billion won.<\/p>\n

On a cumulative first-half basis, the company posted revenue of 1.2165 trillion won, operating profit of 84.5 billion won, and net profit of 66.8 billion won. These figures represent increases of 8.4%, 33.9%, and 33.9%, respectively, from the same period a year earlier. On a standalone basis, revenue also jumped 7.2% to 577.4 billion won, while operating profit rose 31.4% to 40.5 billion won, continuing solid growth.<\/p>\n

The company said the earnings improvement was led by expanded new orders for institutional catering and an increase in the number of meals served, while its care food and dining businesses also maintained steady growth. In addition, profitability improved through efficiency gains in manufacturing costs and logistics expenses, causing the operating profit increase to far exceed the revenue growth rate.<\/p>\n

Hyundai Greenfood held a board meeting on the same day and resolved to cancel 763,723 common shares. This amounts to about 2.35% of total issued shares, with the scheduled cancellation amount at about 13.25 billion won. The cancellation is scheduled to proceed on November 27.<\/p>\n

The shares subject to cancellation include treasury shares already acquired this year and additional purchases to be made going forward. The company purchased about 469,000 treasury shares in two rounds from February to July this year, and plans to acquire an additional 294,000 shares by early November.<\/p>\n

As part of its shareholder return policy, the company will also pay an interim dividend. The dividend per common share is 314 won, up 8 won from last year, with the total dividend amount at about 10 billion won. The scheduled payment date is October 30. Hyundai Greenfood plans to maintain year-end and interim dividends at about 10 billion won each, carrying out annual cash dividends of more than 20 billion won.<\/p>\n

“In line with the corporate value enhancement plan announced in 2024, we will continue to pursue shareholder return policies such as treasury share cancellation and dividend expansion,” a Hyundai Greenfood official said.<\/p>\n","protected":false},"excerpt":{"rendered":"Photo courtesy of Hyundai Green Food Hyundai Greenfood achieved double-digit earnings improvement in the second quarter this year,…\n","protected":false},"author":2,"featured_media":108538,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[55852,295,27309,294,293,55851,53206,613,37282,615,17553],"class_list":["post-108537","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hyundai","tag-care-food","tag-hyundai","tag-hyundai-greenfood","tag-hyundai-group","tag-hyundai-motor-group","tag-institutional-catering","tag-interim-dividend","tag-operating-profit","tag-q2-earnings","tag-shareholder-return","tag-treasury-share-cancellation"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/108537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=108537"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/108537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/108538"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=108537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=108537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=108537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}