POSCO DX Q2 Operating Profit 24.3 Billion KRW... 29.1% Decrease YoY

POSCO DX announced on the 25th that its consolidated operating profit for the second quarter of this year was preliminarily estimated at 24.3 billion KRW, a 29.1% decrease compared to the same period last year.

During the same period, sales decreased by 4.4% to 353 billion KRW, and net profit fell by 28% to 20.4 billion KRW. Operating profit for the first half of the year was 59.5 billion KRW, down 7.4% compared to the same period last year, while sales increased by 2.3% to 793.1 billion KRW.

POSCO DX stated that since the POSCO Group has announced plans to achieve approximately 11 trillion KRW in sales from the secondary battery materials business by 2026, continuous growth in related fields is expected. The company said, "We have maintained growth through continuous business structure reforms and innovation activities over the past two to three years," adding, "We plan to enhance business competitiveness by discovering and nurturing new businesses based on technologies such as industrial robot automation, artificial intelligence (AI), and digital twins."