POSCO Holdings Q2 Net Profit Drops by 55.6 Percent to 800 Billion Won


SEOUL, July 24 (Yonhap) — POSCO Holdings Inc. announced on Monday that its second-quarter net profit was 800 billion won (US$621.4 million), representing a decrease of 55.6 percent compared to the same period a year ago.

Operating income for the April-June period was 1.3 trillion won, a decrease of 38.1 percent from the same time last year, according to a regulatory filing. Sales also dropped 12.6 percent to 20.1 trillion won.

The earnings were in line with market expectations. According to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency, the average forecast of net profit was 792.3 billion won.

You might also like
Open chat
Need help?
Scan the code
Hello 👋
Can we help you?

Mark Silaev
Glosema Account Manager