Songwon Industrial Co., Ltd. announced earnings results for the second quarter of 2017. For the quarter, the company reported net profit fell by 21.2% year on year to won KRW 12.3 billion on lower margins. Sales rose by 4.3% year on year to KRW 186.7 billion in the second quarter, with earnings before interest, tax, depreciation and amortisation (EBITDA) down by 22.0% at KRW 26.4 billion. For the first half of this year, the company's net profit fell by 26% year on year to KRW 20.6 billion.