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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  POSCO    A005490   KR7005490008

POSCO

(A005490)
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POSCO 2Q Net Profit Up 17.4%, Helped by Myanmar Gas Project

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07/22/2019 | 11:37pm EST

By Kwanwoo Jun

POSCO's (005490.SE) second-quarter net profit rose 17.4% on year, supported by improved earnings from its gas-field project in Myanmar, the South Korean steel maker said Tuesday.

Net profit for the quarter ended June was 681.4 billion Korean won ($579 million) compared with KRW580.3 billion in the same quarter a year earlier. The results beat the consensus forecast for KRW652 billion, according to FactSet.

Revenue during the quarter rose 1.5% on year to KRW16.32 trillion.

Operating profit for the quarter was down 14.7% on year at KRW1.07 trillion.

For the first half of the year, net profit was KRW1.46 billion, while revenue was KRW32.34 trillion.

POSCO said earnings were lifted by its trading unit, POSCO International, which reaped solid profits from its gas-field investment in Myanmar.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE 0.34% 11.192 Delayed Quote.16.59%
POSCO End-of-day quote.
POSCO INTERNATIONAL CORP End-of-day quote.
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Financials (KRW)
Sales 2020 63 463 B
EBIT 2020 3 983 B
Net income 2020 2 331 B
Debt 2020 8 650 B
Yield 2020 4,48%
P/E ratio 2020 7,78x
P/E ratio 2021 7,01x
EV / Sales2020 277x
EV / Sales2021 269x
Capitalization 17 585 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 292 100,00  KRW
Last Close Price 219 500,00  KRW
Spread / Highest target 64,0%
Spread / Average Target 33,1%
Spread / Lowest Target 4,78%
EPS Revisions
Managers
NameTitle
Jeong-Woo Choi Chairman & Co-Chief Executive Officer
In-Hwa Chang Co-President, Co-CEO & Director
Seung-Kyu Lim Senior Managing Director & Head-Finance
Hag-Dong Kim Director & Senior Executive Vice President
Myung-Woo Lee Independent Director
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