Songwon Industrial reports strong sales and profit growth in 1Q 2016
Additives for Polymers · 2016
South Korean company Songwon Industrial Group reported a promising start to 2016. According to its audited financial results for the first quarter of the year, the firm achieved sales of KRW183.1 billion (c. €145 million), an increase in revenues of 16.6% compared to KRW157.0 billion in 1Q 2015. Net profit increased almost fourfold, from KRW3.1 billion in 1Q 2015 to KRW12.2 billion this year.