Songwon Announces Positive Performance for Q1

来源 :China Chemical Reporter | 被引量 : 0次 | 上传用户:yange20092009
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Songwon Group announces a net profit of KRW 6.3 billion (US$5.47million) for the first Quarter of 2010.Sales were KRW124.37 billion(US$108.1 million),up 9%,compared to the fourth quarter 2009,driven again by a significant increase in sales volumes and a positiveprice development.Operating income is up about 10% also driven bysales volumes,price gains and a favorable product mix.Both resultshave been achieved despite significantly unfavorable effects of currencyand raw material prices. Songwon Group announces a net profit of KRW 6.3 billion (US $ 5.47million) for the first Quarter of 2010. Sales were KRW124.37 billion (US $ 108.1 million), up 9%, compared to the fourth quarter 2009, driven again by a significant increase in sales volumes and a positiveprice development.Operating income is up about 10% also driven bysales volumes, price gains and a high product mix ..Both resultshave been significantly less significant than currency and raw material prices.
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