Korea Cast Iron Pipe, Operating Profit of 15.7 Billion KRW Last Year... 138% Increase YoY
[Asia Economy Reporter Yoo Hyun-seok] Korea Cast Iron Pipe Corporation announced on the 12th that its consolidated operating profit for the first quarter increased by 137.9% year-on-year to 15.7 billion KRW. Sales rose 4.8% to 437.2 billion KRW, and net profit also increased by 93.9% to 14 billion KRW.
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Along with this, Korea Cast Iron Pipe Corporation announced that it will pay a year-end dividend of 200 KRW per common share. The total dividend amount is approximately 4.3 billion KRW. The dividend record date is March 31, and the payment date is scheduled for July 10. Additionally, the company separately announced that it will hold its regular shareholders' meeting on the 26th of next month at the main conference room of Korea Cast Iron Pipe Corporation headquarters, located at 525 Eulsukdo-daero, Saha-gu, Busan Metropolitan City.
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