Seonggwang Band Reports Operating Profit of 3.8 Billion KRW in 1Q, Up 343% YoY

[Asia Economy Reporter Minwoo Lee] Sungkwang Band announced on the 11th that it posted provisional results of 48.6 billion KRW in consolidated sales and 3.8 billion KRW in operating profit for the first quarter of this year. Sales decreased by 4.0% compared to the same period last year, while operating profit increased by 342.7%. Net profit for the period was recorded at 4.6 billion KRW, up 275.2% during the same period.