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May 22, 2015 9:28 AM ET

Metals and Mining

Company Overview of POSCO

Company Overview

POSCO manufactures and sells steel rolled products and plates in South Korea. Its Steel segment offers cold rolled and hot rolled products, plates, wire rods, silicon steel sheets, and stainless steel products; and pig iron, billets, blooms, and slabs. The company’s Trading segment exports and imports iron and steel, raw materials for steel production, non-ferrous metals, chemicals, automotive parts, machinery and plant equipment, electronics products, agricultural commodities, and textiles; manufactures and sells textiles; and operates a department store. Its Construction segment constructs industrial plants, civil engineering projects, and commercial and residential buildings. The company’...

POSCO Center

440 Teheran-ro

Gangnam-gu

Seoul,  135-777

South Korea

Founded in 1968

Phone:

82 2 3457 0114

Key Executives for POSCO

Chief Executive Officer, Inside Director and Chairman of Executive Management Committee
Age: 64
Total Annual Compensation: $1.1B
President, Head of Steel Production Division, Inside Director, Member of Executive Management Committee, Member of Director Candidate Recommendation Committee and Chief Executive Officer of Posco Chemtech
Age: 61
Total Annual Compensation: $700.0M
Chief Financial and Planning Officer, Senior Executive Vice President, Head of Finance & Investment Division, Inside Director, Member of Executive Management Committee and Member of Finance & Operation Committee
Age: 55
Total Annual Compensation: $598.0M
Senior Executive Vice President, Head of Steel Business Division and Member of Executive Management Committee
Age: 59
Total Annual Compensation: $692.0M
Head of Corporate Infrastructure Division, Senior Executive Vice President, Inside Director, Member of Executive Management Committee and Member of Finance & Operation Committee
Age: 56
Total Annual Compensation: $595.0M
Compensation as of Fiscal Year 2014.

POSCO Key Developments

Pure Energy Minerals Limited Signs Enhanced Memorandum of Understanding With POSCO

Pure Energy Minerals Limited announced the signing of non-binding Memorandum of Understanding with POSCO extending the scope of their previous MOU to include business opportunities relating to the lithium industry such as the development of business relationships with potential customers, and consolidation with other lithium development properties/lithium producers and the relevant financial participation opportunities. PURE and POSCO will pursue reasonable efforts to enter into a definitive agreement over the next 6 months from the date of execution on the MOU.

POSCO Reports Consolidated Earnings Results for the First Quarter of 2015

POSCO reported consolidated earnings results for the first quarter of 2015. For the quarter, the company reported revenue of KRW 15,101 billion compared to KRW 15,440 billion a year ago. Operating profit was KRW 731 billion compared to KRW 731 billion a year ago. Net profit was KRW 370 billion compared to KRW 56 billion a year ago. ROE was 4.7% compared to 1.1% a year ago.

POSCO Reports Audited Consolidated and Parent Earnings Results for the Year Ended December 31, 2014

POSCO reported audited consolidated and parent earnings results for the year ended December 31, 2014. For the period, on consolidated basis, the company reported revenue of KRW 65,098,445 million compared to KRW 61,864,650 million a year ago. Operating profit was KRW 3,213,530 million compared to KRW 2,996,134 million a year ago. Profit before income tax was KRW 1,378,144 million compared to KRW 1,946,177 million a year ago. Profit attributable to the owners of the company was KRW 626,099 million or KRW 7,432 per basic and diluted share compared to KRW 1,376,396 million or KRW 17,409 per basic and diluted share a year ago. Net cash provided by operating activities was KRW 3,412,099 million compared to KRW 4,858,135 million a year ago. Acquisition of property, plant and equipment was KRW 3,505,549 million compared to KRW 6,569,613 million a year ago. Acquisition of intangible assets was KRW 343,804 million compared to KRW 543,666 million a year ago. Adjusted operating profit was KRW 2,503,262 million against KRW 2,574,401 million a year ago. For the period, on parent basis, the company reported revenue of KRW 29,218,854 million compared to KRW 30,543,545 million a year ago. Operating profit was KRW 2,350,035 million compared to KRW 2,215,133 million a year ago. Profit before income tax was KRW 1,721,393 million compared to KRW 1,985,295 million a year ago. Profit for the period was KRW 1,138,958 million or KRW 13,858 per basic and diluted share compared to KRW 1,582,596 million or KRW 20,052 per basic and diluted share a year ago. Net cash provided by operating activities was KRW 4,163,085 million compared to KRW 4,763,526 million a year ago. Acquisition of property, plant and equipment was KRW 1,643,789 million compared to KRW 3,013,628 million a year ago. Acquisition of intangible assets was KRW 20,869 million compared to KRW 103,041 million a year ago. Adjusted operating profit was KRW 1,684,868 million against KRW 1,936,582 million a year ago.

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Recent Private Companies Transactions

Type
Date
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Merger/Acquisition
March 16, 2015
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February 17, 2015
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POSCO Engineering & Construction Co., Ltd.
 

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