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Posco sees earnings to fall in H2
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According to a top executive in the South Korean steel giant Posco said that it expected its earnings would fall in the second half of this year and it indicated that the Chinese stimulus policies will not help much to boost the steel sectors, Reuters reported.
The executive said that it was difficult for the firm to achieve the quarterly operating profits of more than 1 trillion won for the two quarters in the second half of this year.
Posco posted an operating profit of around 1 trillion won for the second quarter of this year, in comparison of 1.5 trillion won in the same period of the previous year.
News Date
7/17/2012 8:49:33 AM
reported by
David Hung
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