POSCO Future M Continues to Face Losses in Fourth Quarter

SEOUL - POSCO Future M Co. has announced a net loss of 102.1 billion won (US$76.8 million) for the fourth quarter of 2023, continuing its trend of financial challenges. The company's performance in this quarter remained in the red, as revealed in a recent regulatory filing on Tuesday.

According to Yonhap News Agency, During the October-December period, the company experienced an operating loss of 73.7 billion won, a stark contrast to the 3.3 billion won profit reported in the same period a year ago. Despite the losses, the company's revenue saw a rise of 46.8 percent, reaching 1.14 trillion won in the fourth quarter.

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