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

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).

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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