Dongkuk Steel Mill Reports 78.6 Billion KRW Operating Profit in Q4 Last Year, Down 25.5%

Dongkuk Steel announced on the 6th that its operating profit for the fourth quarter of last year was 78.6 billion KRW, a decrease of 25.5% compared to the previous year.

Sales for the fourth quarter of last year amounted to 1.1226 trillion KRW, and net profit was 43.9 billion KRW.

Compared to the previous quarter, sales increased by 4%, but operating profit decreased by 25.5% and net profit also fell by 25.9% due to factors such as the downturn in the construction industry.

Based on the split launch date of June 1 last year, the cumulative performance for last year showed sales of 2.6321 trillion KRW, operating profit of 235.5 billion KRW, and net profit of 142.2 billion KRW.

Meanwhile, Dongkuk Steel resolved a cash dividend of 700 KRW per share at the board meeting held on the same day.

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