Namhwa Togeon, Operating Profit of 4.5 Billion KRW Last Year... 173.1% Increase Compared to Previous Year

[Asia Economy Reporter Ji Yeon-jin] Namhwa Construction announced on the 23rd that its consolidated sales for last year amounted to 75.3 billion KRW, a 40.3% increase compared to the previous year.

During this period, operating profit increased by 173.1% to 4.5 billion KRW, and net profit rose by 29.2% to 6.6 billion KRW. The company explained, "The significant increase in sales and operating profit was due to an increase in private construction orders, and the rise in profit before corporate tax and net profit was due to equity method gains from affiliated companies."