Koryo Steel, Last Year's Net Profit 6.1 Billion KRW... Up 227.3% YoY
[Asia Economy Reporter Park Jihwan] Korea Steel announced on the 6th that its net profit for last year was 6.1 billion KRW, a 227.3% increase compared to 1.9 billion KRW the previous year.
During the same period, sales also increased by 3.9%. On the other hand, operating profit decreased by 15.5% compared to the previous year.
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The company explained, "Operating profit decreased due to rising raw material costs," adding, "Non-operating profit increased due to gains from foreign exchange valuation, realized foreign exchange gains, and disposal of tangible assets."
This content was produced with the assistance of AI translation services.
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