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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 1.32% 10.452 Delayed Quote.8.42%
POSCO End-of-day quote.
POSCO INTERNATIONAL CORP End-of-day quote.
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Financials (KRW)
Sales 2019 64 574 B
EBIT 2019 4 231 B
Net income 2019 2 185 B
Debt 2019 8 631 B
Yield 2019 4,16%
P/E ratio 2019 9,31x
P/E ratio 2020 8,19x
EV / Sales2019 299x
EV / Sales2020 297x
Capitalization 19 268 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Average target price 300 620,69  KRW
Last Close Price 240 500,00  KRW
Spread / Highest target 49,7%
Spread / Average Target 25,0%
Spread / Lowest Target 3,95%
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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MAGNITOGORSKIY MTALLURGCHSKY KMBNTPAO--.--%8 155