UPDATE 2-POSCO posts tepid profit recovery; weak auto demand weighs


* Q1 op profit rises 23 pct to 581 bln won vs 578 bln consensus * Weaker yen, economy weigh on demand from S.Korean automakers * POSCO shares close up 0.9 pct prior to earnings announcement SEOUL, April 25 (Reuters) - South Korean steelmaker POSCO , backed by billionaire investor Warren Buffett, posted only a small profit recovery from January to March, capped by the weak global economy and demand that depressed prices, especially for automotive ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×