KG Steel's Operating Profit Reaches 340.4 Billion KRW Last Year, Up 14.6% Year-on-Year

[Asia Economy Reporter Lee Gwan-ju] KG Steel announced on the 3rd that its operating profit on a consolidated basis last year was 340.4 billion KRW, an increase of 14.6% compared to the previous year. Sales amounted to 3.8203 trillion KRW, up 13.9%, and net profit for the period increased by 180.4% to 534.7 billion KRW.

The company explained that this was due to "an increase in sales revenue from higher selling prices and an improvement in operating profit due to cost structure improvements."