Dongguk CM Reports Q4 Sales of 524.4 Billion KRW and Operating Loss of 10.2 Billion KRW

Resolution to Pay Cash Dividend of 100 Won per Share

Dongkuk Steel Group's cold-rolled steel business company, Dongkuk CM, announced on the 7th that it recorded sales of 524.4 billion KRW, an operating loss of 10.2 billion KRW, and a net loss of 17.4 billion KRW in the fourth quarter of last year.

Due to the economic downturn, it was difficult to fully reflect cost fluctuations of products such as hot-rolled steel sheets in product prices, resulting in a 5.4% decrease in sales compared to the previous quarter, and operating profit and net profit turned to losses.

Based on the spin-off launch on June 1 of last year, the cumulative performance until December was sales of 1.2661 trillion KRW, operating profit of 26.7 billion KRW, and net profit of 10.1 billion KRW.

On the same day, Dongkuk CM's board of directors resolved to pay a cash dividend of 100 KRW per share.

Dongkuk CM is a steel company newly established through the spin-off of the existing Dongkuk Steel (currently Dongkuk Holdings) on June 1 last year, mainly producing galvanized and color steel sheets. With the growth strategy of ‘DK Color Vision 2030,’ it is strengthening business competitiveness in the global, marketing, and sustainable growth sectors.

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