KG Dongbu Steel, Q2 Operating Profit 28 Billion KRW... Up 139.3% YoY

Operating Profit Up 332.1% in First Half... Successful Structural Improvement

[Asia Economy Reporter Hwang Yoon-joo] KG Dongbu Steel announced on the 11th that its consolidated operating profit for the second quarter of this year increased by 139.3% year-on-year to 28 billion KRW. During the same period, sales decreased by 15.9% to 567.4 billion KRW, and net profit turned positive to 27.7 billion KRW.

For the first half of the year, operating profit surged by 332.1% year-on-year to 56.6 billion KRW, while sales decreased by 9.5% to 1.1637 trillion KRW. Net profit turned positive to 32.1 billion KRW, and the operating profit margin rose by 3.9 percentage points to 4.9%.