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POSCO third-quarter operating profit rises 9%, meets forecasts

The world's fifth-biggest steelmaker said that consolidated operating profit was $1.01 billion in the third quarter

Reuters  |  Seoul 

POSCO third-quarter operating profit rises 9%, meets forecasts

South Korean on Thursday posted a 9 per cent rise in operating for the July to September quarter, as a sustained recovery in lifted at its overseas operations.

POSCO, the world's fifth-biggest steelmaker, said consolidated operating was 1.13 trillion won ($1.01 billion) in the third quarter, up from 1.03 trillion won in the same period a year earlier and in line with an average estimate of 1.12 trillion won from analysts polled by Reuters.

Third-quarter revenue rose 18 per cent from a year ago to 15 trillion won.

($1 = 1,123.5100 won)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, October 26 2017. 13:30 IST
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