KBI Dong Yang Steel Pipe Q1 2026: Operating profit turns positive, net profit turns positive
Consolidated revenue KRW 67.0bn, operating profit KRW 4.19bn (turnaround from loss of KRW 0.03bn in previous quarter), net profit KRW 1.71bn (turnaround from loss of KRW 1.21bn in previous quarter)
Significant improvement in operating and net profit compared to previous quarter; EPS KRW 16 (vs. -KRW 15)
Net debt-to-equity ratio 26.69% (up from 16.41% at year-end), total borrowings KRW 54.5bn, cash and cash equivalents KRW 16.3bn
Increased financial costs due to FX fluctuations (year-end rate USD 1,513.40) including derivative valuation loss of KRW 3.36bn