Posco Operating Earnings in Q1 Surge by 120% YoY
PoscoBusiness Korea

Posco Operating Earnings in Q1 Surge by 120% YoY

South Korea's leading steelmaker POSCO announced that its operating profit more than doubled in the first quarter from a year earlier amid the COVID-19

South Korea's leading steelmaker POSCO announced that its operating profit more than doubled in the first quarter from a year earlier amid the COVID-19 pandemic. It said “Operating profit for the January-March quarter jumped to KWR 1.55 trillion (USD 1.4 billion) from KWR 705.3 billion during the same period of last year. It marked the highest quarterly operating profit since the steelmaker reported 1.7 trillion won in the second quarter of 2011. The hike came as POSCO raised prices of its products amid strong demand for steel

POSCO’s sales rose 9.9% to KWR 15.99 trillion in the first quarter from KWR 14.55 trillion a year ago

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