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POSCO ( (PKX) ) has provided an update.
POSCO Holdings Inc. has announced that its 57th Ordinary General Meeting of Shareholders is scheduled for March 20, 2025, in Seoul, Korea. Key agenda items include the approval of financial statements for FY 2024, partial amendments to the Articles of Incorporation, and the election of directors. The company reported a decrease in revenue and operating profit for 2024 due to challenges in the steel and energy materials sectors, driven by factors such as China’s steel oversupply and a downturn in the construction industry. To combat these challenges, POSCO has invested in joint ventures and infrastructure expansion projects, while also focusing on restructuring non-core assets. Additionally, the company is committed to enhancing shareholder returns and ESG governance.
More about POSCO
POSCO Holdings Inc. is a leading global steel manufacturing company based in Seoul, Korea, focusing on steel production, energy materials, and infrastructure development. The company is dedicated to achieving carbon neutrality and enhancing its competitiveness through strategic joint ventures, technology development, and expansion in both steel and energy sectors.
YTD Price Performance: 2.16%
Average Trading Volume: 300,150
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.75B
See more insights into PKX stock on TipRanks’ Stock Analysis page.
