Posco Holdings Sees Decline in Net Income Amid Industry Slowdown
Thursday, 25 April 2024, 07:23
Posco Holdings Financial Report:
Posco Holdings announced a decrease in net income due to sluggish demand and rising costs.
- Reasons for Decrease: Higher raw material prices impacted earnings.
- Industry Slowdown: Posco faced challenges amid a downturn in the steel market.
- Positive Offset: The company managed to mitigate the decline in operating profit through increased steel product prices.
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