Logo of Phnom Penh Post newspaper Phnom Penh Post - Posco operating profit increases by 26.9pc

Posco operating profit increases by 26.9pc

Posco operating profit increases by 26.9pc

KOREAN steelmaker Posco reported second quarter operating profit grew 26.9 percent on the previous quarter, totalling US$1.5 billion in revenue. Its subsidiary Posco Engineering and Construction is developing $300 million Star River in Phnom Penh. Posco said the strong results were “backed by a revitalised steel market ... and increasing export to emerging markets”.

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