Shinwon General Development Q1: Net Profit Up, Debt Ratio Rises

Q1 revenue 48.75B won, operating profit 3.33B won, net profit 2.63B won (EPS 235 won, up 18% from 199 won in prior year)
Order backlog 816.2B won, increased from 786.9B won at year-end
Net debt ratio 87.06%, up from 82.87% at year-end (increase in borrowings)
Cash and cash equivalents 12.78B won, decreased from 17.11B won at year-end
12 lawsuits pending (3 as plaintiff, 9 as defendant) totaling 10.27B won; company expects no material impact
No dividends paid; will consider dividends when profitability stabilizes
Related party loans increased by 0.82B won