POSCO Holdings Q2 Operating Profit Drops 38.1 Percent to 1.3 Trillion Won


On Tuesday, POSCO Holdings Inc. estimated their second-quarter operating earnings to be 1.3 trillion won (US$1 billion), a 38.1 percent decrease from the same time last year.

Revenue also dropped 12.6 percent to 20.1 trillion won, and the net income data was not available.

The operating profit was 6.6 percent higher than what was predicted in a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.

A final earnings report will be released at a later date.

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