POSCO’s 4Q Net Results Dip Q/Q
Posted on January 14, 2011 at 08:45 AM EST
Korean steelmaker, POSCO (NYSE:PKX) reported its fourth quarter and fiscal year 2010 financial results on January 13, 2011. Net income plummeted 49.6% sequentially to KRW 526 billion or KRW 6,029 per share (US$1.33 per ADR). The fall was due largely to weak global demand and higher raw material costs. Net income for the fiscal year [...]