Dongwon Systems announced on the 31st that its consolidated operating profit for the second quarter of this year decreased by 14.53% year-on-year to 25.9 billion won. Revenue increased by 6.38% to 366.3 billion won, while net profit dropped by 29.03% to 15.8 billion won.
For the first half of the year, operating profit was 38.5 billion won, down 17.1%. Revenue rose by 7.6% to 703.1 billion won.
Dongwon Systems explained that the decline in operating profit was due to a contraction in the domestic market, which reduced demand for some products like PET and glass bottles, along with rising raw material prices, including aluminum.
However, exports increased. In the institutional sector, the proportion of exports in revenue rose from 40% last year to 45%.
A representative of Dongwon Systems said, "We will diversify export regions targeting global markets and strengthen our high-profit product portfolio to create a sustainable growth structure."