Seoul: POSCO DX Co. has announced a significant decline in its second-quarter net profit, which fell by 29.2 percent to 14.4 billion won (US$10.4 million) compared to the same period last year.
According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating profit for the quarter amounted to 17.1 billion won, a decrease from 24.3 billion won recorded a year earlier. The company's sales also experienced a downturn, falling 22.7 percent to 272.9 billion won.
This financial report highlights the challenges POSCO DX is currently facing, as it navigates through a period of decreased profitability and sales.