[Edaily Reporter SHIN MIN JOON ] Fashion company Shinwon(009270)continues to show improved performance, driven by strong exports. This is attributed to the company’s expansion of its production and sales infrastructure, particularly in Central America—including Guatemala—to meet global demand for apparel.

Shinwon announced on the 13th that its consolidated revenue for the first three quarters of this year reached 917.7 billion won, an 11.8% increase from 820.9 billion won in the same period last year. Operating profit for the same period rose 103.4%, from 8.7 billion won to 17.7 billion won.

The improvement in performance was driven by the export sector. Third-quarter export revenue reached 290.7 billion won, an 18.4% increase compared to the same period last year. Operating profit rose 76.3% to approximately 5.5 billion won, up from 3.1 billion won in the same period last year.

Shinwon operates production bases in Guatemala, Vietnam, Indonesia, and Nicaragua, supplying apparel to global companies such as Gap, Old Navy, Walmart, and Target.

In particular, the company has been expanding its production and sales infrastructure in Central America, a region that has emerged as a global apparel manufacturing hub in recent years. Following the establishment of Shinwon Central America, an order management subsidiary, in Guatemala in 2023, the company established Fashion Stitch Guatemala, a local manufacturing subsidiary, and an order management subsidiary in New York, U.S., the following year.

Last year, the company acquired Modas Blue, a Guatemalan manufacturing subsidiary, to further secure local production capacity.

In contrast, the domestic fashion division continued to post losses. Third-quarter revenue for the fashion division was 36.2 billion won, a 2.1% increase year-over-year, but the division recorded an operating loss of approximately 1.6 billion won.