POSCO International Reports Decline in Q4 Net Profit

SEOUL - POSCO International announced on Wednesday a decrease in its fourth-quarter net income to 73.4 billion won ($55 million), marking a 21.1 percent fall from the previous year.

According to Yonhap News Agency, the company experienced a slight drop in sales by 0.7 percent to 7.9 trillion won, despite an increase in operating profit to 214.6 billion won from 168.8 billion won a year earlier.

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