POSCO Posts Record High Operating Profit...3rd Quarter 3.11 Trillion KRW

[Asia Economy Reporter Hwang Yoon-joo] POSCO has recorded the highest operating profit in its history since its founding.

POSCO announced on the 13th that its consolidated operating profit for the third quarter of this year reached 3.11 trillion KRW, an increase of 364.2% compared to the same period last year. During the same period, sales rose 44.53% to 20.61 trillion KRW.

On a separate basis, sales were 11.31 trillion KRW and operating profit was 2.3 trillion KRW, jumping 71.88% and 784.62%, respectively.

Meanwhile, POSCO plans to hold its third-quarter earnings conference via conference call on the 25th.