Yujin Corporation "Pursuing Profitability-Centered Sustainable Growth"... Q1 Operating Profit of 22.4 Billion Won
[Asia Economy Reporter Kim Daeseop] Eugene Corporation announced on the 18th that it recorded consolidated sales of 322.1 billion KRW in the first quarter of this year.
Sales in the first quarter of this year decreased by 4.8% compared to the same period last year due to the contraction of the construction and real estate markets caused by the impact of the novel coronavirus disease (COVID-19). Operating profit and net profit in the first quarter increased thanks to improved performance of subsidiaries.
Operating profit and net profit in the first quarter reached 22.4 billion KRW and 17.4 billion KRW, respectively, marking increases of 15.3% and 130% compared to the same period last year.
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A Eugene Corporation official stated, "Although sales slightly decreased due to the construction market downturn and the impact of COVID-19, we continued a stable performance growth trend through a diversified affiliate portfolio. Despite growing economic uncertainties and difficulties in forecasting market conditions, we plan to do our best to pursue solid growth focused on profitability."
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