S&T Motive Reports Operating Profit of 18.8 Billion KRW in 1Q, Up 35% YoY

[Asia Economy Reporter Minwoo Lee] S&T Motive's sales in the first quarter of this year slightly decreased compared to the previous year, but operating profit increased by 35%.

S&T Motive announced on the 27th that it posted provisional results of 216.5 billion KRW in sales and 18.8 billion KRW in operating profit on a consolidated basis for the first quarter of this year. Compared to the same period last year, sales decreased by 4%, but operating profit increased by 35.2%. Net profit for the same period also turned positive, recording 24 billion KRW.