POSCO’s operating profit doubled in the first quarter

According to the South Korean POSCO, the company’s operating income was supposed to be about 1.55 trillion won in the first quarter of this year, which is more than 100% more than in the same period a year ago.

According to industry analysts, the sharp increase in POSCO’s profits in the first quarter was due to a low base in the same period of 2020 when the COVID-19 epidemic was plagued.

In addition, POSCO’s revenue in the first quarter of 2021 is expected to grow nearly 10% year on year to nearly 16 trillion won.

POSCO was expected to officially release its latest financial results at the end of April.

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