[Edaily Reporter Kim Ji-woo ] Dongwon Systems Corporation(014820)reported double-digit growth in revenue and operating profit for the third quarter of this year, driven by expanded exports of eco-friendly packaging materials and the growth of its overseas subsidiaries.

Dongwon Systems Corporation announced on the 2nd that its consolidated operating profit for the third quarter of this year was provisionally estimated at 24 billion won, an 18.9% increase compared to the same period last year. Revenue for the same period rose 13.1% to 403.1 billion won.

These results were driven by expanded exports of high-value-added products, such as eco-friendly packaging materials, and the growth of overseas subsidiaries. Dongwon Systems Corporation has developed recyclable, polyethylene (PE)-based uni-material packaging and is exporting it to global markets, including North America, Asia, and Africa. Additionally, its Vietnamese affiliate, TTP (Tan Tien Packaging), contributed to the results by expanding its flexible packaging business in Vietnam and increasing exports to global consumer goods companies.

Cumulative revenue for the first three quarters of this year reached 1.1431 trillion won, a 7.9% increase compared to the same period last year, while operating profit rose 16.7% to 68.4 billion won.

Dongwon Systems Corporation official stated, “We are strengthening our global business competitiveness through research and development of eco-friendly packaging materials and by expanding our customer base,” adding, “We will proactively respond to Europe’s Packaging and Waste Regulation (PPWR) to expand our customer base into Europe and other regions, while also striving to secure future growth engines such as secondary battery materials and advanced films.”