POSCO DX reports Q3 revenue of $230 mn

POSCO DX CI

POSCO DX Co. reported an estimated third-quarter 2024 revenue of 318.6 billion won ($230 million) in a regulatory filing on Wednesday.

Operating profit for the quarter came in at 26.3 billion won, marking a 10.1 percent decline in revenue and an 18.3 percent drop in operating profit year-over-year.

Revenue for the first three quarters of the year totaled 1.11 trillion won, with a cumulative operating profit of 85.8 billion won.

The company stated it is strengthening core competitiveness by deploying smart factories that combine information technology and operational technology in key POSCO Group sectors, such as steel and battery materials.

POSCO DX also plans to drive productivity gains by advancing its intelligent factory initiatives via digital transformation technologies.