Dongwon Industries Reports Q3 Operating Profit of 154.4 Billion KRW, Up 20% YoY

Sales Increased by 3% to 2.3843 Trillion KRW
Dongwon F&B Growth Trend

Dongwon Industrial, the business holding company of Dongwon Group, announced on the 3rd that its consolidated operating profit for the third quarter of this year was tentatively estimated at 154.4 billion KRW, a 19.6% increase compared to the same period last year.

During the same period, sales increased by 3% to 2.3843 trillion KRW, and net profit rose by 20.7% to 110.7 billion KRW.

The third-quarter performance was driven by Dongwon F&B, the food business affiliate. Dongwon F&B explained that all business sectors grew evenly due to the special demand for holiday gift sets.

Dongwon F&B's third-quarter sales were 1.2075 trillion KRW, and operating profit was 63 billion KRW, up 8.3% and 39.7% respectively compared to the same period last year.

Dongwon Industrial's business division achieved sales of 252.6 billion KRW, a 5.9% increase year-on-year, supported by continued strong catches. However, operating profit declined by 34.9% to 9.6 billion KRW due to sluggish sales in the distribution and sales division. Dongwon Roex, the logistics business affiliate, continued to improve profits as operating profit increased with ongoing efficiency improvements in the distribution logistics sector.

Dongwon Systems, the packaging business affiliate, saw sales decrease by 19.5% compared to the same period last year due to a decline in aluminum exports to the American market, and operating profit fell by about 6%.

A Dongwon Group official stated, "As export sluggishness and cost burdens continue due to international circumstances, we will focus on improving profitability through intensive management efficiency across all core business sectors."

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