Posco's 2018 results are outstanding

publisher: Gloria Wong
Time: 2019-02-19
Summary: In the past seven years, the operating profit has broken 5 trillion won. It is the first environmentally-recognized steel company in Korea.

In 2018, despite the severe global economic situation,slowing economic growth, declining demand, and prevalence of tradeprotectionism, Posco has achieved remarkable results.

 On January 30, 2019, South Korea's Posco Steel announced itsconsolidated financial statements for the first time since 2011. According tothe report, in 2018, Posco's consolidated sales revenue was approximately 64.98trillion won (approximately US$57.826 billion), which was the company's secondconsecutive year of sales revenue exceeding 60 trillion won, an increase of7.1% year-on-year; operating profit It is about 5.54 trillion won (about 4.93billion US dollars), up 19.9% year-on-year. The last time the company'soperating profit exceeded 5 trillion won was in 2011; the net profit was about1.89 trillion won (about 1.682 billion US dollars).

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