SEOUL, South Korea — Dongwon Systems Corp. announced a significant rise in its net profits for the first quarter, totaling 15.5 billion won (approximately US$11.4 million), marking a 20% increase from the same period last year. The earnings were disclosed in a regulatory filing on Friday.
According to Yonhap News Agency, The company, however, experienced a slight downturn in other financial metrics, with its operating profit seeing a slight decrease to 16.1 billion won from 17.6 billion won the previous year. Meanwhile, sales dropped by 5.6% to reach 309.1 billion won. The mixed financial results reflect the challenges and operational adjustments the company is navigating in the current economic landscape.