POSCO Achieves Record High Performance Last Year... Sales 76 Trillion KRW, Operating Profit 9 Trillion KRW (Update)

Iron Ore Price Rise Leads to Steel Sales Price Increase
Notable Growth in New Business Areas Such as Secondary Batteries

[Asia Economy Reporter Donghoon Jeong] POSCO recorded its highest-ever performance last year, with operating profit exceeding 9 trillion won.

On the 28th, POSCO announced at a corporate briefing that its consolidated sales last year reached 76.332 trillion won, and operating profit was 9.238 trillion won. Sales increased by 32.1% compared to the previous year, and operating profit rose by 284.4%.

The strong performance of POSCO is attributed to the rise in steel prices and remarkable progress in new business sectors. In the steel division, domestic demand and sales prices both increased due to economic recovery last year and expanded sales focused on high value-added products, resulting in record-high performance.

Overseas steel subsidiaries such as Krakatau POSCO and POSCO Maharashtra also saw significant improvement in performance due to the recovery of the global market. In the new growth sector, POSCO Chemical, a secondary battery materials company, established a full-scale mass production system for cathode materials, achieving record-high sales and operating profit.

Meanwhile, POSCO held a board meeting on the same day and announced that the total dividend per share for last year was decided at 17,000 won. The total dividend per share includes the quarterly dividend of 12,000 won already paid last year and the year-end dividend of 5,000 won resolved on this day.

The year-end dividend will be paid on April 18. The dividend yield is 1.8%, and the total dividend amount is 378.12786 billion won.

This content was produced with the assistance of AI translation services.