![POSCO Center / Courtesy of POSCO Holdings](https://newsimg.koreatimes.co.kr/2024/07/25/bf42857a-a014-44c9-bcdf-41a5d8d09a26.jpg)
POSCO Center / Courtesy of POSCO Holdings
POSCO Holdings on Thursday reported its second-quarter net profit of 500 billion won ($360.6 million), down 37.5 percent from a year earlier.
The company said in a regulatory filing that operating profit for the April-June period fell 38.5 percent on-year to 800 billion won. Revenue decreased 8 percent to 18.5 trillion won.
The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 368.5 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. (Yonhap)