In brief
POSCO International Corp. reported a 91.6 % jump in Q3 net profit to 401.8 billion won, driven by rising operating income and revenue. The earnings surpassed analysts’ expectations of 250.5 billion won, though the company offered no forward guidance.
SEOUL, Nov. 2 (Yonhap) — POSCO International Corp. announced on Monday that its third‑quarter net income rose 91.6 percent to 401.8 billion won (US$301 million). The trading and energy arm of steel‑maker POSCO Group said its operating income for the July‑September period reached 400.7 billion won, up 23.9 percent from a year earlier. Revenue also climbed 9.6 percent to 9.02 trillion won.
Q3 Financial Highlights
The result exceeded the average analyst estimate of 250.5 billion won, according to a survey by Yonhap Infomax. POSCO’s board filed the figures with South Korean regulators on Monday.
POSCO International’s growth reflected a broader rebound in commodity markets, where the company’s trading segment captured gains from higher energy and steel‑product prices. The company’s energy arm, which has recently expanded its presence in renewables, also contributed to higher operating margins.
Analysts noted that the earnings gain aligns with the company’s guidance on the strength of its trading portfolio, but there was no new forecast issued for the remainder of the year. The filing did not include any forward‑looking statements beyond the reported quarter.
No uncertainties were specified in the source regarding the company’s future performance or strategic direction. The report expressed no explicit concerns or caveats that would indicate potential risks to the reported gains.