KG Steel Reports 65.2 Billion KRW Operating Profit in Q1, Up 25% Year-on-Year
KG Steel announced on the 24th that, on a consolidated basis, its operating profit for the first quarter of this year was provisionally tallied at 65.2 billion KRW, an increase of 25.1% compared to the same period last year.
Sales amounted to 818.6 billion KRW, a decrease of 0.7% from last year. The operating margin increased by 1.6% compared to the same period last year.
Hot Picks Today
!["It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]](https://cwcontent.asiae.co.kr/asiaresize/93/2026052019230771274_1779272587.jpg)
"It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- [Breaking] Samsung Labor Union to Hold Vote on Tentative Agreement from 22nd to 27th
- [Report] "I Think Twice Before Going to a Store"... Starbucks '5/18 Tank Day' Controversy Grows
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The company explained, "The main factor behind the improvement in profitability was a flexible export sales strategy that reflected the conditions of the domestic demand market." The company also stated, "By focusing operations on regions and products with high profitability and responding flexibly to market changes, we were able to drive performance."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
