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Korea's POSCO
PKX reported a 33% rise in its quarterly profit.
POSCO's October-December operating profit rose to 692 billion won ($619 million), from 519 billion won, in the year-ago period, versus analysts' estimates of 839.3 billion won. Its sales climbed to 10 trillion won from 9.2 trillion won.
For 2011, POSCO's operating profit dropped 12% y/y to 4.2 trillion won. Its sales climbed 20% to 39.17 trillion won last year.
POSCO shares closed at $93.02 yesterday.
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