POSCO Holdings Q3 Operating Profit 900 Billion KRW... 71% Decrease YoY
[Asia Economy Reporter Choi Seoyoon] POSCO Holdings announced on the 19th that its preliminary Q3 operating profit was 900 billion KRW, down 71% from the previous year.
Sales increased by 2.9% from a year ago to 21.2 trillion KRW. Compared to the previous quarter, sales and operating profit decreased by 7.9% and 57.1%, respectively.
The company explained that operating profit was negatively impacted by about 440 billion KRW due to operating losses from production stoppages at the Pohang Steelworks caused by the flooding of Naengcheon and increased one-time costs.
Hot Picks Today
!["It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]](https://cwcontent.asiae.co.kr/asiaresize/93/2026052019230771274_1779272587.jpg)
"It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Meanwhile, POSCO Holdings will hold its Q3 earnings conference call on the 24th.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
