Songwon Industrial posts solid financial results

After a challenging end to 2019 [ADPO, May 2020, p. 11], South Korea's Songwon Industrial Group experienced a solid start to 2020 with ‘sound growth’ in both sales and profits, it reports. The company achieved net profit of KRW11.18 billion (c. E8.2 million) on consolidated sales of KRW210.54 b...

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Detalles Bibliográficos
Formato: Online Artículo Texto
Lenguaje:English
Publicado: 2020
Materias:
Financials
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7535624/
http://dx.doi.org/10.1016/S0306-3747(20)30105-6
Descripción
Sumario:After a challenging end to 2019 [ADPO, May 2020, p. 11], South Korea's Songwon Industrial Group experienced a solid start to 2020 with ‘sound growth’ in both sales and profits, it reports. The company achieved net profit of KRW11.18 billion (c. E8.2 million) on consolidated sales of KRW210.54 billion in the first quarter of 2020, representing year-on-year increases of 27.4% and 10.6%, respectively, compared to the same period last year despite growing concern for the potential impact of the rapid spread of COVID-19.

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