Posco's net profit in the first quarter fell by more than 28%

Release time：Jul 09, 2019 From：min

 According to statistics released by Posco, the largest steel company in South Korea, in the first quarter of 2019, Posco's steel sales reached 16.01 trillion won (about 13.48 billion US dollars), an increase of 1.0% over the same period last year, but operating profit. It was only 1.2 trillion won (about 1.011 billion US dollars), down 19.1% year-on-year and 5.4% month-on-month; net profit was 780 billion won, down 28.2% year-on-year. It is reported that during the same period, the operating profit of Hyundai Steel and Shiya Steel decreased year-on-year, and the Korean steel industry was in a downturn.