Feb 03, 2025 / 06:00AM GMT
Operator
Good afternoon. Thank you for joining us at the POSCO Holdings earnings call. We will have a presentation from POSCO Holdings followed by a Q&A session with the participants. (Operator Instructions) We will now begin the POSCO Holdings' 2024 earnings call.
Seung-Jun Kim - Posco Holdings Inc - IR Contact Officer
Greetings everyone. I'm the Head of Finance and IR Division at POSCO. My name is Kim Seung-Jun. I'd like to begin by expressing my profound gratitude to the investors who offer unwavering attention and support to our business. Thank you.
In 2024 various internal or external challenges impacted our business resulting in consolidated account revenue of KRW72.7 trillion and operating profit of KRW2.2 trillion, both of which declined against the previous year.
In Steel, China's oversupply and its construction industry in a recession pushed the excess volume to exports, causing steel price in Asia to remain suppressed. We also feel limited in our ability to improve steel margin.
In Energy Materials. Given the
Q4 2024 Posco Holdings Inc Earnings Call Transcript
Feb 03, 2025
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