Hyundai Steel 2023 net profit down 56.7 pct to 449.6 bln won

SEOUL, Hyundai Steel Co. on Tuesday reported its 2023 net income of 449.6 billion won (US$337.9 million), down 56.7 percent from a year earlier. The company said in a regulatory filing that it posted 807.3 billion won in operating profit for the year, compared with 1.61 trillion from the previous year. Annual sales fell 5.2 percent to 25.91 trillion won. Source: Yonhap News Agency