POSCO International Reports 12.5% Increase in 2023 Net Profit

SEOUL — POSCO International announced a 12.5 percent year-on-year increase in its net profit for 2023, amounting to 680.4 billion won (US$509.8 million).

According to Yonhap News Agency, The company disclosed in a regulatory filing that its operating profit for the year surged by 28.9 percent to 1.16 trillion won, despite a 12.8 percent decrease in annual sales, which totaled 33.13 trillion won.

The improved profitability metrics underscore POSCO International's financial growth over the period, contrasting with the revenue decline. The company's performance highlights its operational efficiency and profitability amid varying market conditions.

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