SEOUL– KG Dongbusteel Co. on Tuesday reported its third-quarter net profit of 72.9 billion won (US$61.9 million), up 212.9 percent from a year earlier.

The company said in a regulatory filing that it posted 107.6 billion won in operating profit for the quarter, compared with 33.9 billion won a year ago. Revenue rose 56 percent to 915.7 billion won.

Source: Yonhap News Agency