Stock Analysis

Posco Future M Second Quarter 2024 Earnings: ₩113 loss per share (vs ₩549 profit in 2Q 2023)

KOSE:A003670
Source: Shutterstock

Posco Future M (KRX:003670) Second Quarter 2024 Results

Key Financial Results

  • Revenue: ₩915.5b (down 23% from 2Q 2023).
  • Net loss: ₩8.74b (down by 121% from ₩42.5b profit in 2Q 2023).
  • ₩113 loss per share (down from ₩549 profit in 2Q 2023).
earnings-and-revenue-growth
KOSE:A003670 Earnings and Revenue Growth August 18th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Posco Future M Earnings Insights

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in South Korea.

Performance of the South Korean Electrical industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Posco Future M that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.