POSCO Inter earned over 1 trillion won last year

Consolidated Operating Profit 1.1631 Trillion KRW... Up 28.9% YoY
Effects of Merger, Energy Value Chain, and Eco-friendly Industrial Materials

POSCO International announced on the 23rd that its consolidated operating profit last year was tentatively estimated at 1.1631 trillion KRW, an increase of 28.9% compared to the previous year. Sales amounted to 33.1328 trillion KRW, a decrease of 12.8% during the same period. Net profit rose by 12.5% to 680.4 billion KRW.

In the first year since the merger with POSCO Energy last year, the integrated corporation's operating profit exceeded 1 trillion KRW. The company explained, "In the energy business, profits increased due to the merger and expansion of the energy value chain," and "In the global business, sales of eco-friendly industrial materials to Europe increased, improving overall profits."

Posco Inter Mexico Driving Motor Core Factory Completion Ceremony in October Last Year
[Photo by Yonhap News]

Since the merger last year, the company has focused on energy and eco-friendly business sectors. Going forward, it plans to diversify energy exploration and development regions to Myanmar, Australia, Malaysia, and Indonesia, and to introduce domestically produced natural gas from overseas to build a value chain across terminal and power generation businesses.

It also plans to strengthen the supply chain of raw materials for secondary battery materials and continuously expand its global bases producing drive motor cores, which are key components of eco-friendly vehicle drive motors. POSCO International is scheduled to finalize and announce its performance for last year on the 31st.