Samhwa Crown Q1 net profit up 41%, revenue down

Consolidated revenue 39.3B KRW (down 5.9% YoY), operating profit 1.8B (up 7.4%), net profit 2.7B (up 41%)
Net profit improvement driven by cost efficiency and increased financial income (dividends 1.2B, valuation gains 0.9B)
Standalone revenue 31.1B (up 2.7%), operating profit 1.7B (up 6.3%)
Debt ratio 82% (vs 81% at year-end), stable financial structure
DPS maintained at 700 KRW; no share buyback or cancellation plan
Subsidiary Shinwoo (plastic containers): revenue 8.2B, net profit 0.13B
Increased loan to associate Woocheon Development by 2.2B; provided guarantees of 16.6B for Shinwoo
R&D expenses 0.32B (0.81% of revenue)