February 27, 2017 7:28 AM ET

Metals and Mining

Company Overview of POSCO

Company Overview

POSCO manufactures and sells steel rolled products and plates in South Korea and internationally. The company operates through four segments: Steel, Construction, Trading, and Others. It offers hot rolled steel, steel plates, wire rods, cold rolled steel, galvanized steel, electrical galvanized steel, electrical steel, automotive materials, stainless steel, titanium, magnesium, and aluminum-plated products. The company is also involved in the planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings; steel sales and trading; computer hardware and software distribution; economic research and consulting business; business f...

POSCO Center West Wing

16th Floor

Teheran-ro

Gangnam-gu

Seoul,  

South Korea

Founded in 1968

Phone:

82 2 3457 2114

Key Executives for POSCO

POSCO does not have any Key Executives recorded.

POSCO Key Developments

POSCO Announces Year Divided for the Year 2016, Payable on April 10, 2017

POSCO announced year-end cash dividends per share of KRW 5,750 per share for the year 2016. The dividend will be payable on April 10, 2017 with the record date of December 31, 2016. The company also announced total annual dividend per share of KRW 8,000.

POSCO Reports Consolidated and Parent Earnings Results for the Year 2016; Provides Consolidated and Company Earnings Guidance for the Year 2017

POSCO reported consolidated and parent earnings results for the year 2016. For the year, on consolidated basis, the group reported sales of KRW 53.835 trillion and operating profit of KRW 2.8443 trillion in 2016. The company sales have declined year-on-year due to sluggish domestic and overseas market conditions as well as a decrease in the number of its subsidiaries due to group restructuring. However the group's consolidated operating profit has increased by 18% year-on-year due to a significant improvement in profits in the overseas steel sector including the company. Net loss was KRW 96.2 billion in 2015 to a net profit of KRW 1.482 trillion in 2016. For the year, on parent basis, the company reported sales of KRW 24.3249 trillion and an operating profit of KRW 2.6353 trillion in 2016. The company's sales fell by 5% year on year due to a decline in product prices. However, the company's operating profit grew by 17.7% year on year, due to the company's expanded sales of its World Premium products, which are its proprietary high value added products, as well as an increase in profitability across the company and its cost reduction efforts. The company provided consolidated and parent earnings guidance for the year 2017. For the year, on consolidated basis, the company sets sales of KRW 54.8 trillion. The company plans to continuously reduce its net debt to KRW 1.7 trillion. For the year, on parent basis, the company sets sales of KRW 25.6 trillion. The company plans to continuously reduce its net debt to KRW 1.3 trillion.

POSCO to Report Fiscal Year 2016 Results on Jan 25, 2017

POSCO announced that they will report fiscal year 2016 results on Jan 25, 2017

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 16, 2017
Dongkuk Industries Co., Ltd.
Private Placement
December 9, 2016
Posco ESs Materials Co., Ltd.
Merger/Acquisition
November 4, 2016
POSCO Processing & Service Co., Ltd.
 

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