The agricultural machinery manufacturer Daedong reported a revenue of 386.8 billion won and an operating profit of 21.7 billion won for the first quarter of this year, according to a public announcement on the 15th.
Revenue increased by 6.7% compared to the same period last year, while operating profit rose by 88.6%.
Daedong explained that the increase in both revenue and operating profit was a result of rising overseas sales in North America and Europe, as well as the effects of high exchange rates.