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| ▲ The corporate logo of POSCO Holdings Inc. (PHOTO NOT FOR SALE) (Yonhap) |
(LEAD) POSCO Holdings-Q1 earnings guidance
(LEAD) POSCO Holdings Q1 operating profit down 70 pct on increased costs
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SEOUL, April 18 (Yonhap) -- POSCO Holdings Inc. on Tuesday said its first-quarter operating income is estimated at 700 billion won (US$531 million), down 69.6 percent from a year earlier, on increased costs.
Sales decreased 8.9 percent on-year to 19.39 trillion won. The steelmaker did not reveal net earnings.
The operating profit was 20.5 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
The company will release its final earnings report later.
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