Dongkuk Steel posts increase in its profit

Dongkuk Steel posts increase in its profit

Korean steel producer Dongkuk Steel Mills (DSM) has announced that its net profit in 2004 has increased by more than 200% thanks to higher steel prices. Net income of the company for January-December period has been recorded as Won 456 billion ($439 million), up by 245.9% against the net income recorded in the previous year. Operating profit of the company has increased by 90.9% to Won 493 billion, while sales has increased by 40.6% to Won 3.27 trillion ($3.1 billion) against the figures recorded in the previous year.