Q2 Sales Record KRW 232.6 Billion
Revenue Decline by 14.8% YoY
ėŽė§ íë Shim Min-seok, CEO of POSCO DX. POSCO DX
POSCO DX’s sales and operating profit in the second quarter both decreased from last year. However, compared to the first quarter of this year, operating profit increased by nearly 170%, showing a recovery in profitability.
POSCO DX announced on the 30th that it recorded 232.6 billion won in sales and 9.9 billion won in operating profit in the second quarter on a consolidated basis through a provisional performance disclosure. Sales and operating profit fell 14.8% and 42.3% from the same period last year. Its net profit fell 18.2% to 11.8 billion won.
Compared to the previous quarter, the performance improved. Sales fell 3.7% in the second quarter from the first quarter, but operating profit rose 169.6%. Net income and net income of owners of controlling companies also increased by 194.6 percent and 197.2 percent, respectively.
On a cumulative basis in the first half of the year, it recorded 474.1 billion won in sales and 13.5 billion won in operating profit. Sales and operating profit fell 16.8% and 66.2% from the same period last year.
“As business orders increased in the second quarter of this year, operating profit increased compared to the first quarter,” a POSCO DX official said. “We will continue to increase AX-related investments under the ‘AI Native Company’ stance.”
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