KG Steel announced on the 24th that, on a consolidated basis, its operating profit for the first quarter of this year was provisionally tallied at 65.2 billion KRW, an increase of 25.1% compared to the same period last year.
Sales amounted to 818.6 billion KRW, a decrease of 0.7% from last year. The operating margin increased by 1.6% compared to the same period last year.
The company explained, "The main factor behind the improvement in profitability was a flexible export sales strategy that reflected the conditions of the domestic demand market." The company also stated, "By focusing operations on regions and products with high profitability and responding flexibly to market changes, we were able to drive performance."
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