IS Dongseo Swings to Operating Profit on Better Construction and Battery Margins

IS Dongseo returned to operating profit in the first quarter of this year. According to the company’s disclosure on May 13, first-quarter sales reached 437 billion won, while operating profit came to 118.1 billion won. The improvement was attributed to better profitability in the construction business and secondary battery-related operations. The company is also scheduled to supply the first complex of “Gyeongsan Pentahills W” next month, drawing attention to both its sales schedule and future earnings trend. The result is expected to attract market interest because operating profit turned positive. Source: mk.co.kr