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Regions :: North Asia :: Korea

Songwon reports rises in profits and sales

12:35 AM MST | March 7, 2014 | Deepti Ramesh

Songwon Industrial (Ulsan, South Korea) reports a 59.7% rise in net profits for the fourth quarter of 2013 compared with the corresponding period of the previous year, to 6.37 billion South Korean won ($6 million). Fourth-quarter sales increased 11.5%, to won169.06 billion. For full-year 2013, Songwon reports a 12% rise in net profits compared with 2012, to won22.92 billion. Full-year sales for 2013 increased 1.8%, to won692.16 billion. “We have once again delivered positive results during a year of economic uncertainty, and this reflects our ongoing...

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