POSCO Holdings Reports 33.3 Percent Rise in Q3 Operating Profit to 1.2 Trillion Won

Seoul — POSCO Holdings Inc. announced its estimated third-quarter operating earnings of 1.2 trillion won (US$884 million) on Thursday, marking a 33.3 percent increase compared to the same period last year. Meanwhile, sales saw a decrease of 10.4 percent, settling at 19 trillion won.

According to Yonhap Infomax, the financial data subsidiary of Yonhap News Agency, the reported operating profit was 5.1 percent higher than the average market estimate. The company is slated to release its finalized earnings report at a later date.

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