POSCO Reports Mixed Financial Results for Q3 2024
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POSCO Reports Mixed Financial Results for Q3 2024

POSCO (PKX) has released an update.

POSCO Holdings reported a slight increase in revenue for Q3 2024, compared to the previous quarter, but saw a significant decline in operating profit and overall profit when compared to the same period last year. Despite a 2.2% increase in quarterly revenue, the company’s operating profit fell by 39.7% year-on-year, reflecting challenging market conditions. Investors might find the mixed financial performance noteworthy as it highlights both the resilience and the difficulties within the steel manufacturing industry.

For further insights into PKX stock, check out TipRanks’ Stock Analysis page.

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