Hyundai Steel 4-6 Operating Profit Declines by 38%

摘要

South Korea’s Hyundai Steel Co announced its consolidated financial results in the 2nd period (April-June) of 2019 on July 30. They were W 5,571.9 billion or around Y 511.1 billion in sales, up by 2.3% from the same period of a year ago; W 232.6 billion or around Y 21.3 billion in operating profit, down by 38.1% ditto; and W 51.1 billion or around Y 4.7 billion in net profit, down by 73.1% ditto. Although sales increased, profits declined. The ratio of operating profit to sales was 4.2%, down by 2.7% ditto.