POSCO (PKX) has released an update.
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POSCO Holdings reported a slight increase in revenue for Q3 2024, compared to the previous quarter, but saw a significant decline in operating profit and overall profit when compared to the same period last year. Despite a 2.2% increase in quarterly revenue, the company’s operating profit fell by 39.7% year-on-year, reflecting challenging market conditions. Investors might find the mixed financial performance noteworthy as it highlights both the resilience and the difficulties within the steel manufacturing industry.
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