LONDON, UK / ACCESSWIRE / September 18, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on POSCO (NYSE: PKX), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=PKX, following the Company's reporting of its financial results on August 28, 2017, for the second quarter of the fiscal year 2017 (Q2 FY17) with the US Securities and Exchange Commission (SEC). The Pohang, South Korea-based Company's consolidated revenue and operating profit grew 16.2% and 44.3% y-o-y, respectively. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Earnings Reviewed

POSCO reported consolidated revenues of $14.94 trillion in Q2 FY17, rising from $12.86 trillion in Q2 FY16. The Company's separate revenues grew 18.7% to $7.13 trillion in Q2 FY17 from $6.01 trillion in the last year's comparable quarter.

The multinational steel-making Company posted profits of $530.05 billion in Q2 FY17 compared to profits of $220.54 billion in Q2 FY16. Additionally, the Company reported total comprehensive income of $947.54 billion, or $6,312 per share, in Q2 FY17, surging from $283.93 billion, or $3,545 per share, in Q2 FY16.

Operating Metrics

POSCO' cost of sales increased to $13.08 trillion in Q2 FY17 from $11.29 trillion in Q2 FY16. The Company's selling expenses increased to $383.75 billion in Q2 FY17 from $363.35 billion in Q2 FY16, while administrative expenses fell to $506.06 billion during Q2 FY17 from $527.16 billion in Q2 FY16. The Company reported operating profits of $979.11 billion, or 6.6% of revenues, in Q2 FY17, up 44.3% from $678.51 billion, or 5.3% of revenues, in Q2 FY16.

Segment-Wise

POSCO's Steel segment's revenues came in at $11.60 trillion in Q2 FY17 compared to $10.61 trillion in the previous year's corresponding quarter. Furthermore, the segment's net profit was $535 billion in Q2 FY17, surging from $170 billion recorded in the year-ago same quarter.

During Q2 FY17, the Company's Trading segment generated $9.59 trillion of revenues versus $6.11 trillion in prior year's comparable quarter. The segment reported net profit of $15 billion in Q2 FY17 compared to $32 billion in the last year's same quarter.

POSCO's Engineering & Construction segment's revenue stood at $1.81 trillion for Q2 FY17, which came in above the $1.78 trillion of Q2 FY16. Meanwhile, the segment reported net loss of $6 billion in Q2 FY17, lower than the net loss of $162 billion reported in the year-ago corresponding period.

In the reported quarter, the Company's Energy segment contributed $356 billion to POSCO's consolidated revenues, up from $326 billion in Q2 FY16. Moreover, the segment reported net profit of $10 billion in Q2 FY17 versus a net loss of $35 billion in Q2 FY16.

POSCO's ICT segment recorded revenues of $218 billion in Q2 FY17, which came in flat compared to the prior year's same quarter. Additionally, the segment's net income increased to $10 billion in Q2 FY17 versus $6 billion in the past year's comparable quarter.

In Q2 FY17, the Company's Chemicals/Materials and Other segment's revenues were $639 billion compared to $608 billion in the year-earlier corresponding quarter. Furthermore, the segment's net profit was $27 billion for the reported quarter, up from $26 billion in Q2 FY17.

Cash Matters and Balance Sheet

During the six months ended June 30, 2017, net cash provided by operating activities was $1.66 trillion compared to $3.35 trillion in the corresponding year-ago quarter. POSCO had cash and cash equivalents worth $2.90 trillion at the close of its books on June 30, 2017, versus cash and cash equivalents worth $2.45 trillion as on December 31, 2016. The Company's long-term borrowings as on June 30, 2017, stood at $11.06 trillion compared to $12.51 trillion as on December 31, 2016.

Stock Performance

On Friday, September 15, 2017, the stock closed the trading session at $69.64, slipping 2.51% from its previous closing price of $71.43. A total volume of 369.99 thousand shares have exchanged hands, which was higher than the 3-month average volume of 211.35 thousand shares. POSCO's stock price skyrocketed 16.16% in the last three months, 8.69% in the past six months, and 44.93% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 32.52%. The stock is trading at a PE ratio of 12.36 and has a dividend yield of 2.99%. At Friday's closing price, the stock's net capitalization stands at $24.89 billion.

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