In brief
POSCO International Corp’s third‑quarter net income surged to 401.8 billion won, up 91.6% year‑over‑year, driven by a 23.9% lift in operating income and a 9.6% rise in revenue to 9.02 trillion won; the result beat analysts’ median estimate of 250.5 billion won.
POSCO International Corp announced on Monday that its third‑quarter net income had leapt 91.6% from a year earlier to 401.8 billion won (US$301 million), per a regulatory filing released for the July‑September period.
The trading and energy arm’s operating income saw a 23.9% increase to 400.7 billion won, while revenue grew 9.6% to 9.02 trillion won.
These figures exceeded the market consensus, which had pegged net profit at 250.5 billion won, according to a survey by Yonhap Infomax, the financial data arm of Yonhap News Agency.