Annual Report 2019
Publishing date: 20.03.2020
Overall, 2019 was another solid year for SONGWON Industrial Group. Despite the many challenges related to the financial market volatility, ongoing trade tensions, fierce competition and the general slowdown in global trade, SONGWON achieved its highest sales result since the company began.
SONGWON generated consolidated revenues of 814.3 Billion KRW with a 3.2% increase year-over-year, and a consolidated net profit of 35.0 Billion KRW over a net profit in 2018 of 37.8 Billion KRW. The Group’s operating profit reached 59.3 Billion KRW in comparison to 54.3 Billion KRW in 2018, while EBITDA performance was around 11.7 % of sales.
Read more in the full Annual Report 2019.