Annual Report 2015

In 2015, SONGWON turned 50 years old and the company marked this special anniversary with very good results.

SONGWON delivered consolidated revenues of 654.4 Billion KRW with a 1.7% decrease year over year, but with a consolidated net profit of 28.6 Billion KRW versus a net loss of 13.4 Billion KRW in 2014. And we saw all of our key operational results greatly improve. SONGWON achieved a gross profit of 21.5%, 8 percent points higher compared to the previous year. The operating profit was 49.4 Billion KRW, an improvement of 1.354% over last year and our EBITDA was around 14% of sales — more than 8 percent points higher than in 2014.