[Hyomun financial newspaper reporters standing in Korea - Posco was the first quarter trillion recorded an operating profit of nearly 400 billion won, more than twice higher yoy. This is due to the improved performance of sales Overweight and construction, international steel corporation POSCO high value-added steel (hereinafter referred to as WP) '.
POSCO has announced that the 18th year first quarter operating profit of 1.365 trillion won surged more than 705.2 billion won (consolidated) the previous year (659.8 billion won) record. Sales and net profit showed a 15.0772 trillion won, 976.9 billion won, respectively.
Depending on the operating profit surged operating margin jumped almost doubled. POSCO's first quarter operating margin increased 3.8% points YoY to 5.3% YoY to 9.1%. Compared with the previous quarter (3.1%) it is three times higher.
This strong performance is due to the same dwaetgi improved sales Overweight and construction, and performance of the international business of the WP. WP year's first quarter sales ratio has increased by 8.9% points yoy (44.5%) the previous year to 53.4% of the total steel. Export ratio also showed a 47.5%.
Turnaround in the construction part is also why in the first quarter of strong performance. In a sensible division operating profit POSCO E & C (Engineering & Construction) 'which recorded an operating loss of 359.5 billion won last year's fourth quarter operating profit was achieved in the first quarter of this year, 1345, respectively. This is followed by a second high level in the steel section (1 set 234 billion).
POSCO said, "it was the largest sales force in the first quarter of this year, expanding profit in accordance with the E & C sector turnaround."
International contributed to the leading steel corporation earnings also improved, operating profit increased substantially. Operating profit of the Chinese stainless steel production subsidiary Zhangjiagang Pohang Stainless Steel and POSCO Maharashtra, India Cold subsidiaries are recorded respectively 41.7% and 80% to 52 billion won and 38.7 billion won from the previous quarter.
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