Dong-A Socio, 1Q Sales of 255.5 Billion KRW... Successful Turnaround to Profit

Dong-A Socio Holdings achieved a turnaround to profitability by recording sales of 255.5 billion KRW in the first quarter of this year.

Donga Socio Holdings CI [Photo by Donga Socio Holdings]

Dong-A Socio Holdings announced on the 8th that its consolidated preliminary operating results for the first quarter showed sales of 25.542 billion KRW, operating profit of 16.484 billion KRW, and net profit of 9.671 billion KRW. Compared to the same period last year, sales increased by 14.5%, and both operating profit and net profit turned positive.

The company explained, "Sales increased by 14.5% compared to the same period last year due to balanced growth across major business subsidiaries, and operating profit recorded a turnaround to profitability."

Looking at each subsidiary, Dong-A Pharmaceutical, a company specializing in over-the-counter (OTC) drugs, posted sales of 142 billion KRW, up 23.7% year-on-year, driven by increased sales in Bacchus, OTC drugs, and health functional foods. Operating profit was 18.2 billion KRW, a 253% increase compared to the same period last year.

STGEN Bio, a biopharmaceutical company, recorded sales of 8.4 billion KRW, a 114% increase year-on-year. Although operating profit remained in the red with a loss of 2.4 billion KRW, it succeeded in reducing the deficit compared to a loss of 3.4 billion KRW in the same period last year. Dong-A Socio Holdings explained, "Sales increased due to a rise in commercial contract manufacturing (CMO) volumes from clients, while efficient cost management reduced the operating loss."

Yongma Logistics, a logistics specialist company, achieved a turnaround to profitability with sales of 81.4 billion KRW and operating profit of 800 million KRW. Dongchunsu, a bottled water specialist company, recorded sales of 6.5 billion KRW but turned to an operating loss of 400 million KRW. Dong-A Socio Holdings analyzed that "Yongma Logistics increased sales and operating profit through attracting new clients and improving cost ratios," while regarding Dongchunsu, "Sales declined due to reduced consumption amid a sluggish bottled water market."

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