Posco Holdings posts $883 million in quarterly operating profit
![Posco Chairman Choi Jeong-woo waves a flag celebrating the establishment of Posco Holdings in March, 2022. [POSCO]](https://koreajoongangdaily.joins.com/data/photo/2023/10/25/da9d15ac-1ada-4965-b289-c18d6f101fa4.jpg)
Posco Chairman Choi Jeong-woo waves a flag celebrating the establishment of Posco Holdings in March, 2022. [POSCO]
Posco Holdings posted 1.2 trillion won ($883.3 million) in quarterly operating profit for the July-Sept. period, up 33.3 percent on year, in a preliminary earnings guidance Thursday.
The figure beat the analyst forecast of 1.18 billion won compiled by market tracker Fnguide.
Revenue came in at 19 trillion won, down 10.4 percent from the same period last year. It was below the analyst forecast of 20.14 trillion won.
Net profit or the earnings breakdown were not provided in the preliminary report. The company plans to hold a conference call on Oct. 24.
BY SHIN HA-NEE [shin.hanee@joongang.co.kr]
with the Korea JoongAng Daily
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