[eGongsi Notice] POSCO International Strengthens LNG Value Chain (Morning Summary)

[Asia Economy Reporter Junho Hwang] POSCO International announced an investment plan worth 3.8 trillion KRW on the 4th. Below are the major disclosures released that morning.

▲POSCO International= Plans to invest a total of 3.8 trillion KRW over three years from next year to 2025 to strengthen the LNG value chain. The investment includes LNG terminal construction (1.6 trillion KRW), expansion of natural gas production (1.3 trillion KRW), LNG power generation (700 billion KRW), and environmental energy (200 billion KRW).

▲AP System= Operating profit on a consolidated basis for Q3 this year was 28.826 billion KRW, an increase of 79.32% compared to the same period last year. Sales during the same period rose 53.88% to 147.788 billion KRW.

▲LG HelloVision= Operating profit on a consolidated basis for Q3 this year was 17.975 billion KRW, up 59.6% compared to the same period last year. Sales during the same period increased 22% to 325.864 billion KRW, and net profit rose 71.9% to 13.082 billion KRW.

▲LIG Nex1= Signed a contract with the Defense Acquisition Program Administration for the 3-2nd batch mass production of the infantry mid-range guided missile ‘Hyeongung’. The contract amount is approximately 85.9 billion KRW, which corresponds to 4.7% of LIG Nex1’s sales last year.

▲Raontech= Operating profit on an individual basis for Q3 this year was 1.865 billion KRW, a 151% increase compared to the same period last year. Sales during the same period rose 69.2% to 13.998 billion KRW. Net profit is preliminarily estimated at 1.427 billion KRW, up 101.4%.

▲LG Uplus= Operating profit for Q3 this year was 285.1 billion KRW, a 3% increase compared to the same period last year. Sales during the same period rose 0.7% to 3.5011 trillion KRW, while net profit decreased 19.1% to 170.8 billion KRW.

▲Asia Cement= Decided on a cash interim dividend of 500 KRW per common share. The dividend yield is 0.42%, and the total dividend amount is 902.02 million KRW. The scheduled dividend payment date is the 15th of this month.

▲Huons= Operating profit on a consolidated basis for Q3 this year was 2.025 billion KRW, a decrease of 86.3% compared to the same period last year. Sales during the same period increased 9.7% to 123.129 billion KRW. Net profit fell 81.9% to 2.629 billion KRW.

▲KC Cottrell= Signed a contract with Hyundai Steel to install a new desulfurization and denitrification facility for the Dangjin 3 coke plant. The contract amount is 45.1 billion KRW, which corresponds to 12.7% of 2021 sales. The contract period is until September 30, 2024.