POSCO HOLDINGS Preliminary Q3 Revenue KRW9.48T Down From KRW9.68T YoY, Profit KRW0.27T Down From KRW0.50T YoY
Portfolio Pulse from Benzinga Newsdesk
POSCO HOLDINGS reported a decline in Q3 2024 revenue and profit compared to the previous year. Revenue decreased from KRW9.68T to KRW9.48T, and profit fell from KRW0.50T to KRW0.27T. These figures are based on preliminary data and may change after the independent auditors' review.
October 30, 2024 | 2:09 pm
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NEGATIVE IMPACT
POSCO HOLDINGS' preliminary Q3 2024 results show a decline in both revenue and profit compared to the previous year. Revenue decreased by 2.1% YoY, and profit fell by 48.0% YoY. These figures are provisional and may change after the audit review.
The decline in both revenue and profit for POSCO HOLDINGS indicates potential challenges in the company's financial performance, which could negatively impact investor sentiment and the stock price in the short term. The figures are provisional, adding uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100