Wednesday, April 11, 2007

Posco May Say First-Quarter Profit Rose 32 Percent on Higher Steel Prices

(Bloomberg) -- Posco, the world's third-largest steelmaker, may say first-quarter profit rose 32 percent as it raised prices for the alloy.

Net income in the three months ended March 31 may rise to 899 billion won ($963 million) from 681.4 billion won a year earlier, according to the median estimate of 11 analysts surveyed by Bloomberg News. Pohang, South Korea-based Posco is scheduled to report earnings tomorrow.


Read more at Bloomberg

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