Enhanced Investments - Financial Portal

Published: 2021-07-23 06:26:04 ET

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6-K 1 d67200d6k.htm FORM 6-K Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July, 2021

Commission File Number: 1-13368

POSCO

(Translation of registrant’s name into English)

POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, 06194

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

•

This disclosure is release of information for the announcement of the 2^nd quarter of 2021 provisional earnings and business plan.

•

The below earnings information is composed based on K-IFRS (Korean International Financial Reporting Standards) and the independent auditors’ review is not finished. Therefore, the earnings information may change in the review process.

•

This disclosure contains additional information with Exhibit 99.1.

1. Provisional Earnings in Consolidated Financial Statements Basis


						(In trillions of KRW)
		Q2 2021	Q1 2021	Changes over Q1 2021(%)	Q2 2020	Changes over Q2 2020(%)
Revenue	Current	18.29	16.07	13.81	13.72	33.31
Revenue	Cumulative	34.36	16.07	—	28.27	21.54

Operating Profit	Current	2.20	1.55	41.94	0.17	1,194.12
Operating Profit	Cumulative	3.75	1.55	—	0.87	331.03

Profit before Income Tax	Current	2.40	1.56	53.85	0.13	1,746.15
Profit before Income Tax	Cumulative	3.96	1.56	—	0.79	401.27

Profit	Current	1.81	1.14	58.77	0.10	1,710.00
Profit	Cumulative	2.95	1.14	—	0.54	446.30

Profit Attributable to Owners of the Controlling Company
	Current	1.66	1.02	62.75	0.04	4,050.00
	Cumulative	2.68	1.02	—	0.44	509.09

2. Provisional Earnings in Separate Financial Statements Basis


						(In trillions of KRW)
		Q2 2021	Q1 2021	Changes over Q1 2021(%)	Q2 2020	Changes over Q2 2020(%)
Revenue	Current	9.28	7.80	18.97	5.88	57.82
Revenue	Cumulative	17.08	7.80	—	12.85	32.92

Operating Profit	Current	1.61	1.07	50.47	-0.11	Turn to profit
Operating Profit	Cumulative	2.68	1.07	—	0.35	665.71

Profit before Income Tax	Current	1.83	1.31	39.69	-0.05	Turn to profit
	Cumulative	3.14	1.31	—	0.57	450.88


Profit	Current	1.32	0.95	38.95	0.01	13,100.00
Profit	Cumulative	2.27	0.95	—	0.46	393.48

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


		POSCO
		(Registrant)

Date: July 23, 2021	By	/s/ Chung, Kyung-Jin
		(Signature)
	Name:	Chung, Kyung-Jin
	Title:	Head of Finance Office

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.