POSCO Future M shifts to loss in Q2

POSCO Future M Co. on Thursday reported its second-quarter net loss of 11.2 billion won (US$8.1 million), swinging from a profit of 43.1 billion won a year earlier. The company said in a regulatory filing that it posted 2.7 billion won in operating profit for the quarter, compared with 52.1 billion won a year ago. Sales fell 23.3 percent to 915.5 billion won. Source: Yonhap News Agency