Dongguk CM Reports 2.9 Billion KRW Operating Profit in Q4 Last Year, Down 86% QoQ
Sales Down 6% to 506.2 Billion KRW
Dongkuk CM, a cold-rolled galvanized and color steel plate specialist company under Dongkuk Steel Group, announced on the 21st that its separate basis operating profit for the fourth quarter of last year decreased by 86.51% compared to the previous quarter, amounting to 2.9 billion KRW.
During the same period, sales and net profit decreased by 5.96% and 40.65%, respectively, to 506.2 billion KRW and 7.3 billion KRW.
The annual operating profit was tentatively estimated at 77.3 billion KRW, with sales and net profit recorded at 2.1638 trillion KRW and 63.8 billion KRW, respectively.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- "Why This Bonus Grade?" Civil Servant Who Assaulted HR Employee... Court Rules Demotion Is Justified
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Dongkuk CM explained, "Due to the downturn in demand industries such as construction and home appliances, it was difficult to reflect cost fluctuation factors like hot-rolled steel plates in product prices, resulting in profit deterioration."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
