It’s reported that the Korean steel giant Posco launched its financial result for the third quarter of this year. In the third quarter of this year, Posco’s net profits totaled KRW564 billion, falling by 22% year on year. In the given period of time, its sales revenues amounted to KRW15.2 trillion, down by 3.7% year on year; its operating profits were at KRW632.8 billion, slumping by 38% year on year. Meanwhile, Posco predicted that its sales revenues for the whole of 2013 would be at KRW63 trillion, falling from KRW63.6 trillion in 2012.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66838&division=A6
