Hyundai Steel Co., South Korea's second-largest steel company in terms of sales, said Friday that its second-quarter net profit jumped 37 percent on high-quality product sales.
Net income for the April-June quarter rose to 177 billion won (US $ 158 million) from 138.5 billion won a year earlier, the company said in a statement.
“Second-quarter sales of high-quality products were up 6.9 percent from the prior year, and efforts to cut costs across the company helped boost margins,” it said in a statement.
Operating income rose 7% to 375.6 billion won in the second quarter from 351 billion won a year earlier. Sales rose 16 percent to 5.448 trillion won from 4.693 trillion won in the same period.
Hyundai Steel Increases Profit From High Quality Rolled Steel Sales
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Azovpromstal® 28 July 2018 г. 11:57 |
