KG Steel posts Q1 profit slump as operating income falls 67% in Korea

KG Steel said on the 29th that, on a consolidation basis, its operating profit for the first quarter of this year was tentatively tallied at 21.5 billion won, down 67% from the same period last year.

During the same period, revenue was tentatively tallied at 805.3 billion won, down 0.9%, and net profit was 45.1 billion won, down 3.1%.