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|==Business Overview==||==Business Overview==|
Posco reported $ 6.6billion in Sales in 4Q09, a 12% decrease to 4Q08’s $ 7.5 billion. Posco explained this decrease due to global recession and a drop in steel demand. As prove Posco’s opinion, Posco record $24.5 Billion in 2009’s Sales, compare to 2008’s $27.8 billion decrease 13%. However, by the Report released in 3Q10, the company reported $7.7 billion in sales, a 24% over the 3Q09’s %6.2 billion.
Q3 FY 2010 Quarterly Summary
Posco posted sales of $7.7 billion for Q4 FY2010 as compare to sales of $7.2 billion (7.5% increased) for the previous quarter. Sales had been increased compare to same quarter of previous year’s $6.2 billion.
Fourth quarter Net profit decreased 12.8% when compared to last quarter’s profit. Net profit of Q2 FY2010 was $1.08 billion but in Q3 FY2010’s Net Profit was declined to $0.94 billion. When looking at year-ago comparisons, Net profit decreased by $1 billion with 8.58% decreasing rate.
Q2 FY 2010 Quarterly Summary
Posco posted quarterly sales of $7.2 billion for the Second quarter of 2010. Posco’s sales of Q1 FY2010 were $6.3 billion. Sales of Second quarter of 2010 represent an increase of 14% in Sales. Sales increased 25% when compared to year-ago result, which was $5,7 billion.
Net profit of Q2 FY 2010 was $1.08 billion compare to last quarter’s $1.3 billion which means Net profit decreased for Q1 FY2010 by 16.8%. Quarterly Net profit was down, however, when compare to same quarter of year-ago result, Net profit was incredibly increased by 177.8% from $0,4 billion to $1.08 billion.
Q1 FY 2010 Quarterly Summary
Posco announced Sales of $ 6.3 billion for the first quarter of FY 2010, a scale down from Sales of $6.6 billion in the last quarter of FY 2009, 4.6% reduced in quarterly sales. But sales increased by 7.4% from in the first quarter of 2010 as compared to $5.9 billion the previous year.
Net profit totaled $1.3 billion for the quarter, a 12.7% increase from the $1.1 billion the previous quarter of 2009. Net profit was impacted by 342% increase in the first quarter of 2010 compare to same quarter of 2009.
Q4 FY 2009 Quarterly Summary
Posco notified Sales of $6.6 billion for the fourth quarter of 2009 making gain of 6.4% from previous quarter of 2009. However compare to year-ago result, sales was decreased by 12.3% from $7.5 billion.
Net profit recorded $1.1 billion for the fourth quarter of 2009, an 11.7% increase as compared to $1.03 billion in previous quarter of 2009. Yearly figures reflect growth for Net profit with 76% from %0.56 billion.
Q3 FY 2009 Quarterly Summary
Posco posted Sales of $6.2 billion for the third quarter of FY2009 making a 8% growth from previous quarter’s sales of $5.7 billion. However, compare to year-ago result sales was decreased from $ 8 billion to $6.2 billion drop 22%.
Net profit showed incredible growth in third quarter of 2009. Net profit recorded $1.03 billion in third quarter of FY 2009. When compare to $0.4 billion of previous quarter’s Net profit, recorded 165% change in Net profit. Yearly figures reflect drops for Net profit 6.3% from $1.1 billion to $1.03 billion.
Posco break its manufacture line into 3 main segments:
Hot-rolled steel, Cold-rolled steel, Plate, and All Other
Hot-rolled steel is in charge of 34.4% of the 2009’s sales volume
Cold-rolled steel is taking 31% of the 2009’s sales volume
Plate is occupying 15.7% of the 2009’s sales volume
Other is supporting 18.9% of the 2009’s sales volume (Including wire rod, Electrical steel, Stainless steel, other)
Growth of Emerging Countries.
Effect of Japan's Massive Earthquake.
Effect of variation in Raw Material price.
Mittal Arcelor: is the largest steel company in the world, with over 281,000 employees in more than 60 countries, revenues of US$105.2 billion in 2007, representing around 10% of world steel output. Nippon steel: is the world's second-largest steel producer in volume and the second most profitable steel company in the world. Baosteel: is the largest steel producer in China, is the 3rd-largest steel producer in the world, revenues of $21.5 billion and a mix of high-quality products