Ssangyong Motor bounced back to profits last year, first in nine years, with its fourth-quarter sales breaking 1 trillion won, first in its history.
Ssangyong announced on February 15 that it posted sales of 3.62 trillion won, operating profit of 28 billion won, and net profit of 58.1 billion won last year. Sales rose 7.0 percent year on year and it achieved a positive operating and net profit first since 2007.
The auto maker sold 155,844 cars last year, up 7.7 percent from a year ago, the second highest in its history, behind the 160,010 units in 2002. Domestic sales stood at 103,554 units, up 3.9 percent year on year, while exports grew 15.9 percent to 52,920 units.
For the fourth quarter of last year, Ssangyong Motor achieved 1-trillion-won sales. It was the first time for Ssangyong's quarterly sales to pass the 1-trillion-won mark since its establishment in 1988.
It registered sales of 1.00 trillion won, operating profit of 8 billion won and net profit of 19.4 billion won in the October-December period of last year. firstname.lastname@example.org