Dongwon Industries Q3 Net Income Down 38.3% to $46.9 Mil.
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5 Articles
Dongwon Industries on Tuesday reported a third-quarter net profit of 62.7 billion won ($46.9 million), down 38.3 percent from a year earlier. Operating income for the July-September period was 149.7 billion won, up 1.1 percent from a year ago, the fisheries and food distribution company said in a regulatory filing. Revenue also rose 6.6 percent to 2.75 trillion won.
Dongwon Industrial, the business holding company of Dongwon Group, announced on the 10th that its cumulative consolidated operating profit for the third quarter of this year was tentatively tallied at 447.3 billion won, a 10.0% increase compared to the same period last year. Revenue rose 8.2% to 7.858 trillion won. However, looking solely at the third quarter, the pace of profitability improvement slowed. While third-quarter revenue increased by…
(Seoul=Yonhap News) Dongwon Industrial [006040], a COSPI listed company, had a consolidated operating profit of 149.7 billion won for the 3rd quarter of this year, up 1.1% from the same period last year...
[Digital Daily Reporter Yoo Chae-ri] Dongwon Group continued its growth in operating profit in the third quarter of this year, driven by the growth of its business-to-business (B2B) affiliates in food ingredient distribution, packaging, and logistics, despite the burden of profitability in its food business. Although profitability in the consumer food business deteriorated due to high exchange rates and rising costs, securing new clients and exp…
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