The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Business
  • Tech
  • Bio
  • Companies
Tue, August 16, 2022 | 21:41
Companies
POSCO International Q3 net up 25.4% on brisk sales
Posted : 2021-10-22 14:31
Updated : 2021-10-22 14:31
Print Preview
Font Size Up
Font Size Down
A POSCO building in Seoul / Yonhap
A POSCO building in Seoul / Yonhap

POSCO International Corp. said Friday its third-quarter earnings swelled more than 25 percent from a year ago on strong sales stemming from rising material costs.

Its consolidated net income came to 69 billion won ($58.5 million) in the July-September period, up 25.4 percent from a year earlier, the trading arm of top steelmaker POSCO said in a regulatory filing.

Operating profit also soared 38.7 percent on-year to 148.5 billion won in the three-month period, with sales spiking 80.6 percent to 9.2 trillion won.

The third-quarter top line was the largest-ever quarterly figure, with its quarterly sales exceeding the 9 trillion-won mark for the first time.

POSCO International said the strong performance resulted mainly from rising raw material prices, its brisk iron-ore business and good results from its trading unit.

Noting that POSCO International has been on a roll this year, a company official said, it will try to further expand its core businesses, which include steel, energy and food.

Steady efforts will also be made to nurture new businesses, such as parts and materials for eco-friendly vehicles, he added.

In line with its energy-business road map, POSCO International plans to start a four-year oil exploration project in Malaysia in the fourth quarter of this year. (Yonhap)


 
LG
  • Hyundai Motor Group becomes world's No. 3 automaker in sales volume
  • Thinking the unthinkable on North Korea
  • 'Japan is our partner': Yoon vows to improve Seoul-Tokyo ties
  • 'Missing Here' song bridges Israel, Korea
  • Consumers angered by luxury fashion platforms' return policies
  • [Analysis] Yoon faces uphill battle to regain public trust
  • Life of early 'Koryoin' featured in exhibition
  • Customs agency considers taxing intermediaries for brokered overseas purchases
  • Western, traditional Korean medicine doctors clash over terminology
  • Will Hyundai Motor Group reorganize Mobis for governance reform?
  • Interactive News
  • With tough love,
  • 'Santa dogs' help rebuild burnt forests in Andong
  • 'Santa dogs' help rebuild burnt forests in Andong
  • A tale of natural wine
    • Girls' Generation music video director apologizes for copying design Girls' Generation music video director apologizes for copying design
    • Star directors' new series to A-listers' small screen comeback expected in coming weeks Star directors' new series to A-listers' small screen comeback expected in coming weeks
    • NewJeans sets record with debut album NewJeans sets record with debut album
    • 2PM's Lee Jun-ho proves versatility at 'Before Midnight' concert 2PM's Lee Jun-ho proves versatility at 'Before Midnight' concert
    • 'Confidential Assignment 2' has even more action, humor 'Confidential Assignment 2' has even more action, humor
    DARKROOM
    • Ice is melting, land is burning

      Ice is melting, land is burning

    • Tottenham 6-3 Team K League

      Tottenham 6-3 Team K League

    • Afghanistan earthquake killed more than 1,000

      Afghanistan earthquake killed more than 1,000

    • Divided America reacts to overturn of Roe vs. Wade

      Divided America reacts to overturn of Roe vs. Wade

    • Namaste: Yogis to celebrate International Yoga Day

      Namaste: Yogis to celebrate International Yoga Day

    The Korea Times
    CEO & Publisher : Oh Young-jin
    Digital News Email : webmaster@koreatimes.co.kr
    Tel : 02-724-2114
    Online newspaper registration No : 서울,아52844
    Date of registration : 2020.02.05
    Masthead : The Korea Times
    Copyright © koreatimes.co.kr. All rights reserved.
    • About Us
    • Introduction
    • History
    • Location
    • Media Kit
    • Contact Us
    • Products & Service
    • Subscribe
    • E-paper
    • Mobile Service
    • RSS Service
    • Content Sales
    • Policy
    • Privacy Statement
    • Terms of Service
    • 고충처리인
    • Youth Protection Policy
    • Code of Ethics
    • Copyright Policy
    • Family Site
    • Hankook Ilbo
    • Dongwha Group