Hite Jinro is projected to post a 37% drop in Q4 operating profit as South Korea’s alcoholic beverage market stagnates and fixed costs rise, with analysts highlighting the need for a stronger global strategy.
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Hite Jinro Forecasts 37% Drop in Q4 Operating Profit Amid Sluggish Alcohol Market
Hite Jinro is projected to post a 37% drop in Q4 operating profit as South Korea’s alcoholic beverage market stagnates and fixed costs rise, with analysts highlighting the need for a stronger global strategy.