On the 8th, Dongwon Industries’ consolidated financial statements reported an operating profit of 124.8 billion won for the first quarter, marking a 13.5% increase compared to the same period last year. During the same period, sales rose by 3.5% to 2.3193 trillion won.
This increase is attributed to improved revenue across major sectors, including food, fisheries, and construction.
In the food sector, Dongwon F&B's diversification strategy in its product portfolio, which includes seasonings, pet food, and ready-to-eat meals, contributed to increases in both sales and operating profit. The subsidiary Dongwon Home Food also enhanced its performance by expanding new client transactions in the ingredient and seasoning distribution sector. For the first quarter on a consolidated basis, sales and operating profit were reported at 1.1948 trillion won and 54 billion won, respectively, representing increases of 6.8% and 8.2% compared to the same period last year.
The construction sector subsidiary, Dongwon Construction Industries, which had been the only one with poor performance until now, turned to profit in the first quarter. The selective bidding strategy, which focused on profitability, helped improve results.
In the materials sector, Dongwon Systems recorded sales of 336.8 billion won for the first quarter, marking a 9% increase. The expansion of exports of key packaging materials, such as films and cans, contributed to this growth. However, due to raw material price pressures, operating profit decreased by 21.9% to 12.5 billion won.