POSCO Releases 2024 Audited Financial Statements Highlighting Key Audit Matters

POSCO ( (PKX) ) has shared an update.

POSCO Holdings Inc. released its audited consolidated financial statements for the year ending December 31, 2024, which were reviewed by independent auditors. The report highlights key audit matters such as the timing of revenue recognition for export sales and the occurrence of overseas sales, which are crucial due to the complexity and volume of POSCO’s international transactions. The audit also covered the company’s internal controls over financial reporting, with an unqualified opinion expressed on their effectiveness. These insights are critical for stakeholders as they reflect the company’s financial health and operational integrity.

More about POSCO

POSCO Holdings Inc. is a prominent player in the steel industry, primarily focusing on the production and export of steel products. The company is headquartered in Seoul, Korea, and has a significant market presence due to its extensive export operations, which are a major component of its revenue.

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