On the 24th, SG, a company specializing in road paving, announced that on a consolidated basis it posted an operating profit of about 800 million won last year, swinging to the black from an operating loss of 6.1 billion won a year earlier.
During the same period, sales came to 102.2 billion won, down 14.0% from 118.9 billion won in the previous year. Although the top line declined, the company said its profit structure improved markedly as it reorganized its business around profitability and enhanced its product mix.
The company recorded a net loss of about 300 million won. However, compared with the net loss of 36.2 billion won in the previous year, the loss shrank by more than 99%, leading to the assessment that the company’s financial structure has effectively entered a normalization phase.
The company cited the expansion of eco-friendly and high value-added products as the main drivers of the earnings improvement. Its flagship product, “Eco Steel Asphalt Concrete,” is an eco-friendly paving material that uses steel slag to enhance strength and durability, and its range of applications is expanding as its physical and environmental properties are verified.
The company explained that, in line with the growing demand for eco-friendly construction materials, its position in the market is also gradually strengthening.
The air-pollution reduction device “SGR+” is also contributing to the diversification of the company’s business portfolio. This equipment reduces hazardous substances generated in the asphalt concrete manufacturing process, and is drawing increasing attention amid the government’s greenhouse gas reduction policies and the broader trend of tighter environmental regulations.
The company plans to continue strengthening its business competitiveness, focusing on eco-friendly facilities and construction materials.
SG intends to pursue the expansion of its eco-friendly product lineup and a technology-based response to the market as core strategies again this year.
In line with the trend of stronger environmental regulations and increased investment in eco-friendly infrastructure, the company plans to gradually increase the share of related businesses and build a stable profit base.
A representative of SG said, “Last year was a turning point for normalizing our earnings structure,” adding, “We will strengthen a sustainable profit system centered on eco-friendly technological competitiveness.”
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