Songwon Industrial Co., Ltd. Announces Earnings Results for the Second Quarter and First Half of 2017
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.