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SONGWON Industrial Group Financial Results for Q2/2020

By: Coatings World staff

SONGWON Industrial Group announced its financial results for the second quarter of 2020. 

 

Over the quarter, the Group achieved consolidated sales of 198,145 Mil. KRW which, when compared to Q2/2019, marked a 9.3% decrease in revenue. 

 

However, the year-to-date (YTD) June 2020 sales revenues of 408,688 Mil. KRW was comparably in line with and remained almost at the same level as the first six months of 2019 (408,884 Mil. KRW). 

 

In Q2/2020, the Group saw its gross profit margin increase by 1.4%-points to 21.1% over Q1/2020.

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