[Alpha Biz= Kim Jisun] Ottogi posted a disappointing performance last year, citing rising raw material costs and marketing expenses as key factors.
The company announced on Tuesday that its operating profit for the previous year fell by 12.9% to 222 billion KRW compared to the same period the previous year.
During the same period, its net profit also decreased by 14.9% to 137.6 billion KRW, though its revenue grew by 2.4% to 3.5391 trillion KRW.
According to the business report released on the same day, Ham Young-jun, Chairman of Ottogi, received 1.36 billion KRW in compensation last year, consisting of a salary of 960 million KRW and bonuses of 400 million KRW. This marks an 8.2% increase compared to the previous year’s 1.249 billion KRW.
Hwang Seong-man, the CEO, received a total salary of 800.5 million KRW, including a salary of 504 million KRW, a bonus of 300 million KRW, and other labor income of 1 million KRW. This represents a 0.8% increase in total compensation compared to the previous year.
Kim Kyung-ho, the Vice President, received a total of 518 million KRW, including a salary of 312 million KRW, a bonus of 200 million KRW, and other labor income (for children's education) of 6 million KRW.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
