27
Oct
07:17
Posco Future M's Q3 net profit falls
South Korean steel giant Posco Holdings' battery material branch Posco Future M announced that its third quarter net profit of this year was about KRW 23.2 billion ($17.2 million), an on-year decline of 64.7%, Kallanish learns.
This was much lower than market expectations as the average of net profit forecasts was above KRW 40 billion.
For Q3, its operating income fell 54.6% on-year to KRW 37.1 billion, and sales increased 22.1% to KRW 1.28 trilli…
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Anonymous
Very good overview of the weekly steel market.
Anonymous