Posco Targets KRW 87.9 Trillion in Revenue by 2028
MT Newswires Live
Jul 30
Posco (KRX:005490) is targeting consolidated revenue of 87.9 trillion won by 2028, representing a compound annual growth rate of 8.4%, according to a bourse filing on Thursday.
To achieve this, the company plans to establish 10 million tonnes per annum of overseas steel production capacity by 2031, expand its lithium business to become a top global supplier, and grow its LNG value chain.
A mid-term investment plan of 29.1 trillion won between 2026 and 2028 will support these initiatives, while low-profit assets are targeted for restructuring.
The company also aims to deliver shareholder returns of 35% to 40% of adjusted controlling-interest net income over the same period.
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