Posco Q4 Net Profit Drops 60%
January 28, 2014 at 05:09 AM EST
South Korea's Posco (NYSE: PKX ) reported a 60% drop in its fourth-quarter net profit. Posco's quarterly net profit fell to 203 billion won ($187 million), versus a year-ago profit of 512 billion won. Its sales dropped 4.5% to 7.71 trillion won, while operating profit climbed 29% to 488
