KG Dongbusteel Q1 net profit down 93.9 pct to 3.3 bln won

SEOUL, KG Dongbusteel Co. on Tuesday reported its first-quarter net income of 3.3 billion won (US$2.4 million), down 93.9 percent from a year earlier. The company said in a regulatory filing that it posted 52.1 billion won in operating profit for the quarter, compared with 81.3 billion won a year ago. Revenue rose 0 percent to 818.6 billion won. Source: Yonhap News Agency