[Asia Economy Reporter Minji Lee] POSCO M-TECH announced on the 27th that its operating profit last year reached 16.3 billion KRW, a 41% increase compared to the previous year. Sales grew 26% to 323.8 billion KRW, and net profit increased 38% to 13 billion KRW.
The company stated, "The increase compared to the previous year was due to improved management conditions leading to higher steel packaging volume, rising aluminum prices, and efforts to improve profitability."
On the same day, the company announced a cash dividend of 80 KRW per common share as a year-end dividend. The dividend yield is 1%, and the total dividend amount is approximately 3.3 billion KRW.
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