Dongkuk Steel Mill, Q4 Operating Profit 78.6 Billion KRW... 25% Decrease from Previous Quarter
Dongkuk Steel announced on the 6th that its standalone operating profit for the fourth quarter of last year was 78.6 billion KRW, a 25.5% decrease compared to the previous quarter.
During the same period, sales increased by 4.0% from the previous quarter to 1.1226 trillion KRW, but net profit fell by 25.9% to 43.9 billion KRW.
Based on the spin-off launch date of June 1 last year, the cumulative performance for the year was sales of 2.6321 trillion KRW, operating profit of 235.5 billion KRW, and net profit of 142.2 billion KRW.
On the same day, Dongkuk Steel’s board of directors resolved to pay a cash dividend of 700 KRW per share.
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Meanwhile, Dongkuk Steel is a newly established company created through the spin-off of the existing Dongkuk Steel (currently Dongkuk Holdings), producing hot-rolled steel products such as rebar, structural steel, and heavy plates based on eco-friendly electric furnace operations.
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