Dongkuk Steel, Q2 Operating Profit 40.5 Billion KRW... 21% Decrease YoY
Dongkuk Steel announced on the 26th that its separate basis operating profit for the second quarter was 40.5 billion KRW, a 21.4% decrease compared to the same period last year.
Although sales increased by 118.4% year-on-year to 940.2 billion KRW, net profit fell by 40.6% to 23.1 billion KRW.
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Dongkuk Steel explained that amid the downturn in the upstream industry, it minimized the decline in operating profit by reducing costs through night operations and inventory cuts, and by implementing a production and sales strategy focused on profitability.
This content was produced with the assistance of AI translation services.
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