Annual Report 2016
SONGWON delivered excellent financial results in 2016, demonstrating that our strategy is working and best positioning the company to deliver long-term value to investors by generating significant, sustainable growth.
In 2016, SONGWON generated consolidated revenues of 694.3 Billion KRW with a 6.1% increase year over year, with a consolidated net profit of 42.2 over a net profit of 28.6 Billion KRW in 2015. In this fiscal year, all of SONGWON’s key operational results greatly improved. The Group achieved a gross profit of 25.6% – which is 4.3 percent points higher when compared to the previous year. SONGWON’s operating profit grew to 76.4 Billion KRW, an improvement of 54.6% over last year and our EBITDA performance was around 16.4% of sales – which is 2.3 percent points higher than in 2015.