Dong-A Hwasung, Q1 Operating Profit 6.3 Billion KRW... 89% Increase YoY
[Asia Economy Reporter Hyunseok Yoo] Donga Hwasung announced on the 11th that its operating profit for the first quarter increased by 89.1% year-on-year to 6.3 billion KRW. During the same period, sales rose 20.5% to 75.8 billion KRW, and net profit turned positive to 5.2 billion KRW.
Donga Hwasung is a manufacturer of automotive, home appliance, and industrial special rubber parts. Its main products include automotive intake and exhaust hoses, battery pack gaskets, and door gaskets that provide vibration absorption and cushioning functions for drum washing machines.
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A company official stated, "The operating rates of major overseas subsidiaries, including those in China, have increased due to the recent resumption of economic activities, and sales to Nissan and Honda have grown," adding, "In addition, the increase in electric vehicle sales also had an impact."
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