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[Alpha Biz=(Chicago) Reporter Kim Jisun] POSCO Holdings announced on the 23rd that its operating profit fell 27.2% year-on-year to 3.5314 trillion won last year.
During the same period, sales fell 9 percent to 77.1272 trillion won, while net profit fell 48.5 percent to 1.8323 trillion won.
The company explained that its year-on-year operating profit fell last year due to falling steel prices and poor performance in the eco-friendly future materials sector due to worsening domestic and foreign market conditions.
Details will be guided through a business briefing session on the 31st.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
