Samhwa Paint recorded 9.5495 billion won in operating profit on a consolidation basis last year. That was down 49.7% from a year earlier.
Samhwa Paint disclosed on the 2nd that last year's revenue was 617.06755 billion won and net income was 7.77964 billion won on a provisional basis. Revenue and net income fell 1.8% and 49.7%, respectively, from a year earlier.
A Samhwa Paint official said, "Even amid an industrial downturn, key business items such as repainting are maintaining market share," and added, "We are researching and developing a variety of new businesses and new products to strengthen market dominance and leap forward as a comprehensive chemical corporations."
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