POSCO Future M 2023 net profit down 96.4% to $3.3 mil
First Vice Minister of Trade, Industry and Energy Kang Kyung-sung, fourth from right, and POSCO Future M CEO Kim Jun-hyung, fifth from right, pose in front of the company's synthetic graphite anode materials factory in Pohang, North Gyeongsang Province, Jan. 16. Courtesy of POSCO Future M
POSCO Future M on Tuesday reported its 2023 net income of 4.4 billion won ($3.3 million), down 96.4 percent from a year earlier.
The company said in a regulatory filing that it posted 35.9 billion won in operating profit for the year, compared with 165.9 billion from the previous year. Annual sales rose 44.2 percent to 4.75 trillion won. (Yonhap)