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

Newswire

* 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 ...

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