The annual operating profit of Starbucks Coffee Korea Co., the local unit of the US giant, surpassed the 100 billion-won ($94 million) mark for the first time last year, driven by solid demand from young consumers, industry sources said Tuesday.
The operating profit of the coffee chain was estimated at 110 billion won last year, according to the sources. Sales were estimated to have reached 1.2 trillion won.
The company's annual revenue first topped the 1 trillion-won mark in 2016, setting a milestone in the South Korean coffee industry.
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