Deutsche Motors Reports 14.6 Billion KRW Operating Profit in 1Q, Down 38% YoY

[Asia Economy Reporter Minwoo Lee] Deutsche Motors' operating profit for the first quarter of this year decreased by about 38%.

Deutsche Motors announced on the 27th that it posted provisional results of 339 billion KRW in consolidated sales and 14.6 billion KRW in operating profit for the first quarter of this year. Compared to the same period last year, sales increased by 26.4%, but operating profit decreased by 37.8%. Net profit for the same period was recorded at 9.2 billion KRW, down 43.5%.