Samhwa Crown Reports Operating Profit of 9.5 Billion KRW Last Year, Up 4.6% Year-on-Year

[Asia Economy Reporter Minji Lee] Samhwa Crown announced on the 10th that its operating profit increased by 4.6% last year to 9.5 billion KRW. Sales rose 20% to 140.2 billion KRW, while net profit decreased by 82% to 1.4 billion KRW.

The company stated, "Net profit declined due to impairment evaluation of intangible assets and goodwill recognized at the time of business combination acquisition."