SONGWON Industrial Group announces Financial Results for Q2/2018
(firmenpresse) -
Ulsan, South Korea rking a decrease of 5.5%pts (without impact from application of K-IFRS 1115: 4.2%pts) compared to Q2/2017. In the two quarters of the year, the Group realized consolidated sales of 388,313 Mil. KRW which is a 7.4% increase over the first six months of 2017 (361,707 Mil. KRW).
During the first half year 2018, SONGWONaw materials.
Higher raw material costs and the negative influence of foreign currency fluctuations already experienced in 2017 and continuing in 2018 impacted all of SONGWONs throughout the quarter.
Heading into the third quarter of the year, SONGWON is optimistic that the trend established in the second quarter of 2018 will continue with an increase in demand for its products and ongoing growth. With its comprehensive portfolio of high-quality solutions and highly strategic position in South East Asia, the Group is uniquely positioned to take advantage of the expanding opportunities throughout Asia. Recognizing potential risks as a global player, SONGWON will remain cautious but continue to expand its global reach, and improve its financial performance by focusing on markets that offer attractive growth opportunities. The organization will also further leverage its innovation expertise to continue reliably providing the solutions its customers demand and value for.
The Q2/2018 Report can be downloaded at:
www.songwon.com/investors/reports-publications
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Unternehmensinformation / Kurzprofil:
SONGWON, which was founded in 1965 and is headquartered in Ulsan, South Korea, is a leader in the development, production and supply of specialty chemicals. The second largest manufacturer of polymer stabilizers worldwide, SONGWON Industrial Group operates companies all over the world, offering the combined benefits of a global framework and readily accessible local organizations. Dedicated experts work closely together with customers to develop tailor-made solutions that meet individual requirements.
For further information, please go to: www.songwon.com.
SONGWON Industrial Group
Giulia Boratto
Leader Global Marketing & Communications
Walzmühlestrasse 48
CH-8500 Frauenfeld
Switzerland
Tel: +41 52 635 0000
E-mail: marketing(at)songwon.com
Marketing Solutions
Kevin Noels
Box 6
2950 Kapellen
Belgium
Tel: +32 3 31 30 311
E-mail: knoels(at)marketingsolutions.be
Datum: 15.08.2018 - 05:12 Uhr
Sprache: Deutsch
News-ID 1539802
Anzahl Zeichen: 3175
contact information:
Contact person: Kevin Noels
Town:
Frauenfeld
Phone: +32 3 31 30 311
Kategorie:
Oil & Gas
Typ of Press Release: Finanzinformation
type of sending: Veröffentlichung
Date of sending: 15.08.2018
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