Korea Zinc Q2 Operating Profit 268.7 Billion KRW... Up 72.6% YoY

[Image source=Yonhap News]

Korea Zinc announced on the 7th that its consolidated operating profit for the second quarter of this year was tentatively estimated at 268.7 billion KRW, a 72.6% increase compared to the same period last year.

Sales reached 3.0582 trillion KRW, up 23.8% from the same period last year. Net profit increased by 41.3% to 175.5 billion KRW. The operating profit margin was 8.8%, rising 2.5 percentage points year-on-year and 1.0 percentage point quarter-on-quarter.

Korea Zinc stated, "For the first time ever, consolidated sales in the second quarter of this year exceeded 3 trillion KRW," adding, "Through technological development, we have continuously made efforts to reduce costs, and with favorable macroeconomic indicators, profitability has significantly improved."

Comparing the cumulative results for the first half of this year with the same period last year, sales amounted to 5.4335 trillion KRW, an 8.7% increase, and operating profit rose 50.3% to 453.2 billion KRW. The operating profit margin for the first half was 8.3%, up 2.3 percentage points.