Posco Holdings on Tuesday estimated its second-quarter operating earnings at 1.3 trillion won (US$1 billion), down 38.1 percent from a year earlier.
Posco Group CEO Choi Jeong-woo gives a speech in a forum held in New York in June. [POSCO HOLDINGS]
Posco Holdings on Tuesday estimated its second-quarter operating earnings at 1.3 trillion won (US$1 billion), down 38.1 percent from a year earlier.
Revenue decreased 12.6 percent to 20.1 trillion won. The data for net income was not available.
The operating profit was 6.6 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
The company will release its final earnings report later.
![Posco Group CEO Choi Jeong-woo gives a speech in a forum held in New York in June. [POSCO HOLDINGS]](https://img4.daumcdn.net/thumb/R658x0.q70/?fname=https://t1.daumcdn.net/news/202307/18/koreajoongangdaily/20230718182423977jwmg.jpg)