Dongkuk Steel Mill, Operating Profit of 164.6 Billion KRW in 2019... Up 13.5% YoY
[Asia Economy Reporter Hwang Yoon-joo] Dongkuk Steel announced that its consolidated operating profit for 2019 (provisional) was 164.6 billion KRW, an increase of 13.5% compared to the previous year. During the same period, sales decreased by 5.1% to 5.6584 trillion KRW, and a net loss of 81.7 billion KRW was recorded due to the reflection of equity method losses from overseas subsidiaries.
On a separate basis, sales decreased by 5.8% to 5.0554 trillion KRW, while operating profit increased by 17.8% to 133.7 billion KRW. However, net loss continued at 130 billion KRW compared to the previous year due to impairment losses and other factors.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- Woman Experiences Eye Protrusion After 20 Years of Contraceptive Injections, Plans Lawsuit Against Major Pharmaceutical Company
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
A Dongkuk Steel official explained, "As a decrease in sales volume is expected due to reduced demand this year, we plan to focus on strengthening profitability."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
