SY Reports Operating Profit of 14.1 Billion KRW Last Year... Returns to Profitability
[Asia Economy Reporter Hwang Junho] SWY announced on the 15th through a disclosure of a 30% change in sales or profit structure that it recorded an operating profit of 14.11017 billion KRW last year, turning to a profit. Net profit also turned to a profit, recording 9.01844 billion KRW. The company's sales amounted to 424 billion KRW, an increase of 36.7% compared to the previous year.
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SWY stated, "Operating profit increased due to the effects of restructuring, utilization of inventory assets, and increased production volume," and added, "Sales increased due to increased steel exports and price hikes caused by rising raw material costs."
This content was produced with the assistance of AI translation services.
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