ID :
24488
Tue, 10/14/2008 - 18:50
Auther :

POSCO says 3rd-quarter profit surges 40 pct to 1.2 tln won

SEOUL, Oct. 14 (Yonhap) -- POSCO Co., the world's fourth-largest steelmaker, said Tuesday its third-quarter net profit jumped 39.9 percent from a year earlier on the back of strong steel prices.

The South Korea-based company, located in the city of Pohang, said it earned 1.21
trillion won (US$990 million) in the three months ending Sept. 30, compared with
a profit of 871 billion won in the same period last year.

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