POSCO International Q2 Net Profit Decreases 6.5 Percent to 220.5 Billion Won


On Monday, POSCO International reported a second-quarter net income of 220.5 billion won (US$171.2 million), a 6.5 percent decrease from the same period a year prior.

The company stated in a regulatory filing that operating income for the April-June period increased 11.4 percent year-on-year to 357.2 billion won, while sales declined 19.9 percent to 8.86 trillion won.

The earnings exceeded market expectations, with the average net profit estimate by analysts standing at 205.2 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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