Net earnings per share of $2.49; includes $0.40 per share loss from after-tax non-core items
First quarter core net operating earnings per share of $2.89
First quarter annualized ROE of 18.9%;. | June 18, 2023
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SPC Group CEO Hur Jin-soo, left, poses for a photo with Chargee d Affaires of Canada to Korea Tamara Mawhinney, center, and Cereals Canada CEO Dean Dias, during Paris Baguette s invitational event offering bagels made with Canadian wheat in Seoul, Thursday. Paris Baguette invited the ambassador and officials from the Canadian Embassy in Korea to try its new “double chewy bagels” launched in February. Montreal in Canada is considered one of the two most popular cities for bagels, along with New York. Courtesy of SPC
SPC has opened its first Paris Baguette bakery cafe in Kuala Lumpur, six months after establishing a joint venture with local partner Berjaya Group to enter the Malaysian market, the company said Thursday. Korea s largest bakery operator plans to expand into the halal market of 1.9 billion people, including Southeast Asia and the Middle East, using its SPC Johor Bahru plant in Malaysia as a hub.
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.