[Alpha Biz=(Chicago) Reporter Kim Jisun] The insufficient response to the typhoon eventually resulted in a sharp reduction in dividends for POSCO Holdings shareholders.

POSCO Holdings announced on the 27th that it will perform in 2022 based on consolidated standards prepared according to K-IFRS. Sales were 84.75 trillion won, up 11 percent from the previous year (76.3323 trillion won), but operating profit was only 4.85 trillion won, down 47.5 percent from the previous year (9.238 trillion won).

Net profit also plunged 50.5% year-on-year to 4.143 trillion won. POSCO Holdings said, "Its operating profit declined year-on-year due to the worsening steel market and the flooding of Pohang Steelworks due to the flooding of the cold stream (due to typhoon Hinnamno)."

POSCO Holdings also held a board meeting on the same day to vote on shareholder dividends. Dividends also fell sharply as profits declined.

Through the resolution of the board of directors, the total dividend per share in 2022 was set at 12,000 won (quarterly dividend of 10,000 won + settlement dividend of 2,000 won). Among them, the amount of 'dividend for settlement' was set at 151.69835 billion won.

A year ago, POSCO Holdings announced its 2021 earnings at 17,000 won (quarterly dividend of 12,000 won + settlement dividend of 5,000 won). Among them, the total amount of "dividend for settlement of accounts" was 378.1 billion won, 27.86 million won. Compared to the settlement dividend alone, the total amount fell more than 50% year-on-year.

 

[ⓒ AlphaBIZ. 무단전재-재배포 금지]