Dongnama line profitable four years running

Dongnama Line has been in the black for the last four years.

In a general stock holders meeting on March 28, Dongnama Line revealed that it achieved KRW 303.8 billion in gross sales, an increase of 22.4% over last year, whilst sliding to KRW 6 billion in sales profits, a 61.2% drop from the previous year’s KRW 15.5 billion.

Ordinary and net profits increased to KRW 7.2 billion and KRW 4.9 billion respectively, representing a 38.4% growth from KRW 5.2 billion and 40% from KRW 3.5 billion in the year prior.

An official at the company attributed the increased revenues to higher exchange rates between the won and dollar at the end of last year and the decreased operating profit to raw material prices including the cost of oil.