Sales of 348.5 Billion KRW... 10.6% Increase
Strong Performance in Pet Food and Retort Pouches
Food Can Exports and Food Packaging Sales Up
Dongwon Systems announced on the 1st that its consolidated operating profit for the third quarter of this year was tentatively estimated at 28.2 billion KRW, a 20.7% increase compared to the same period last year.
During the same period, sales reached 348.5 billion KRW, up 10.6% year-on-year. Net profit decreased by 15.4% to 17.8 billion KRW. Cumulative sales up to the third quarter increased by 2.5% compared to the same period last year, totaling 1.002 trillion KRW, while operating profit rose 11.9% to 74.6 billion KRW.
Dongwon Systems explained that the performance of key packaging materials such as bottles and cans improved, and profitability increased due to an export expansion strategy. In particular, operating profit grew through exports focused on high value-added products such as pet food pouches, retort pouches, and food cans.
A representative from Dongwon Systems stated, "We will improve profitability by securing new domestic and international customers and diversifying our portfolio of high value-added products."
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