SEOUL: POSCO International on Wednesday reported its third-quarter net profit of 237.5 billion won (US$171.7 million), up 21.7 percent from a year earlier. This significant increase highlights the company’s strong financial performance in the recent quarter.
According to Yonhap News Agency, the company’s operating profit for the July-September period was 357.2 billion won, marking a 14.6 percent rise from the previous year. This growth in operating profit underscores the company’s efficient operational strategies and cost management.
Additionally, POSCO International’s revenue for the third quarter rose 3.9 percent to 8.35 trillion won. This increase in revenue reflects the company’s ability to enhance its market presence and strengthen its financial standing amidst challenging market conditions.