KG Dongbusteel-Q1 earnings

KG Dongbusteel Q1 net profit up 144.4 pct to 68.2 bln won

SEOUL, May 10 (Yonhap) -- KG Dongbusteel Co. on Tuesday reported its first-quarter net profit of 68.2 billion won (US$53.5 million), up 144.4 percent from a year earlier.

Operating profit for the January-March period was 95.9 billion won, up 97.7 percent from a year ago, the company said in a regulatory filing. Revenue rose 51.7 percent to 982.8 billion won.

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