POSCO Holdings, operating profit of 700 billion won in the first quarter... 70% decrease from the previous year
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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hoondork1977@alphabiz.co.kr | 2023-04-18 17:22:47
[Alpha Biz=(Chicago) Reporter Paul Lee] POSCO Holdings announced on the 18th that its consolidated operating profit for the first quarter of this year was estimated at 700 billion won. It was down 69.6% from the same period last year. Sales fell 8.9 percent to 19.4 trillion won during the same period.
It improved slightly from the fourth quarter of last year when its performance was directly hit by flooding damage at POSCO's Pohang steel mill. Sales increased by 1% from the previous year, and operating profit also turned into a surplus.
POSCO Holdings will hold a business briefing session on the 27th and announce the details of its performance.
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