Business · Companies · 2 hrs ago

POSCO Future M's third-quarter operating profit rises 23.2%

POSCO Future M's third-quarter operating profit rises 23.2%

South Korean listed company POSCO Future M reported its third-quarter results on Nov.

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Its preliminary consolidated operating profit was 82.1 billion won, up 23.2% from the same quarter a year earlier.

Operating profit measures earnings from a company’s core business before some other costs and income are included.

The result was 456.4% above the market forecast of 14.8 billion won.

Revenue, the money brought in from sales, fell 4.6% to 834.8 billion won; net profit was 46.4 billion won.

The figures show higher operating profit alongside lower revenue, and no further developments were stated.

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