Posco keeps up red-hot earnings streak with OP near $3 bn
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In its regulatory filing on Wednesday, Posco said its consolidated operating profit for the quarter ended September reached 3.11 trillion won ($2.6 billion), another milestone after breaching 2 trillion won in the previous quarter.
Its operating profit gained 41.36 percent from three months ago and 364.18 percent from a year earlier.
Profit and sales both beat the market consensus of 2.6 trillion won and 18.8 trillion won, respectively, according to data compiled by Seoul-based financial data provider FnGuide.
Posco shares on Wednesday closed 0.93 percent higher at 325,000 won in Seoul.
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