[Featured Stock] Daehan Steel Rises on Strong Q3 Performance... Operating Profit Up 285% YoY

[Asia Economy Reporter Yoo Hyun-seok] Daehan Steel is showing strong performance. It appears to be influenced by its solid third-quarter results.

As of 2:51 PM on the 16th, Daehan Steel's stock price rose 7.58% (570 KRW) to 8,090 KRW.

Daehan Steel announced that its third-quarter sales reached 268.1 billion KRW, a 12.73% increase compared to the same period last year. Operating profit during the same period surged 284.83% to 23 billion KRW.

For the cumulative third quarter, sales amounted to 720.2 billion KRW, a 9.06% decrease, but operating profit increased by 63.39% to 54.4 billion KRW.

Meanwhile, as of this date, Daehan Steel's market capitalization stands at 200 billion KRW.