Dongwon Group's Sales Reach 8.866 Trillion KRW Last Year... Operating Profit Down 3.3% (Comprehensive)

Dongwon Industrial, a business-type holding company of Dongwon Group, announced on the 14th through a disclosure that its consolidated operating profit last year was 491.7 billion KRW, a decrease of 3.3% compared to the same period last year. Sales increased by 16.6% to 8.866 trillion KRW, marking an all-time high. Net profit rose by 10.2% year-on-year to 347.2 billion KRW.

Dongwon Industrial's separate basis sales and operating profit recorded 1.0315 trillion KRW and 151.7 billion KRW respectively, showing increases of 41.4% and 66.8% compared to the previous year, as growth continued in the fisheries and distribution sectors, including its core tuna fishing business and sales of other seafood such as salmon.

Dongwon F&B's operating profit decreased by 1.3% year-on-year to 128.7 billion KRW, but sales increased by 15.3% to 4.0236 trillion KRW. It surpassed 4 trillion KRW in annual sales for the first time in history. Net profit was recorded at 90.8 billion KRW, a 30.7% increase compared to the previous year.

Dongwon Systems, an affiliate in the packaging business sector, achieved sales and operating profit of 1.437 trillion KRW and 91.8 billion KRW respectively, driven by expanded aluminum exports and strong performance in the aseptic beverage business using aseptic filling technology. Dongwon Loex, an affiliate in the logistics business sector, also delivered strong results in its core forwarding business, achieving sales of 1.2142 trillion KRW and operating profit of 20.8 billion KRW.

A representative of Dongwon Industrial stated, "With the holding company merger last year, management efficiency across the group is being realized, so we will focus on fostering quality growth as well as improving profitability. We will also strengthen the business portfolio of all affiliates while expanding investments for future businesses."

Meanwhile, Dongwon Industrial held a board meeting on the same day and resolved to pay the largest dividend in history to enhance shareholder value. The dividend is 1,100 KRW per common share, totaling more than 39.7 billion KRW. Dongwon Industrial merged with the former holding company Dongwon Enterprises in November last year to become the group's new business holding company. Dongwon Industrial is pursuing next-generation future businesses such as smart port cargo handling, secondary battery materials business, and land-based salmon farming.

This content was produced with the assistance of AI translation services.