POSCO Chemical-Q4 earnings

POSCO Chemical swings to loss in Q4

SEOUL, Jan. 27 (Yonhap) -- POSCO Chemical Co. on Friday reported its fourth-quarter net loss of 26.1 billion won (US$21.2 million), shifting from a profit of 19.2 billion won a year earlier.

The company said in a regulatory filing that operating profit for the October-December period fell 83.8 percent on-year to 3.3 billion won. Revenue increased 45.3 percent to 780.8 billion won.

The operating profit was 91.9 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

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