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CJ CheilJedang’s third-quarter consolidated operating profit fell 7.4% year over year to 309 billion won, while revenue rose 7% to 7.40 trillion won. Excluding CJ Logistics, operating profit increased 6.9%; the logistics unit’s profit fell 25.3%, citing fewer working days, upgrade spending and higher costs from expanding overseas hubs.
The results point to cost and logistics pressures at a major food company, but do not identify a material change in feed-commodity supply or demand.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.