Posco reports 25% drop in net profit for Q1 at $435.9 million
Published: 25 Apr. 2024, 19:07
-
- JIN EUN-SOO
- [email protected]
Posco Holdings on Thursday reported a net profit of 600 billion won (US$435.9 million) in the first quarter, down 25 percent from a year earlier.
The company's regulatory filing showed a drop compared to the 700 billion won posted a year ago. Revenue fell 6.7 percent to 18.1 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 319.7 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Yonhap
The company's regulatory filing showed a drop compared to the 700 billion won posted a year ago. Revenue fell 6.7 percent to 18.1 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 319.7 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Yonhap
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)