POSCO Sees Operating ProfitRise 2% in 1Q

SEOUL, KOREA - POSCO announced on April 24 that its first-quarter operating profit amounted to 731.3 billion won on a consolidated basis, up 2 percent from a year ago.

For the January-March period of this year, the steel maker’s sales reached 15.4 trillion won, up 5.9 percent year on year, with its net profit estimated at 55.6 billion won, down 81 percent year on year.