POSCO Reports Downbeat Quarterly Profit - POSCO Holdings (NYSE:PKX)

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Korea's POSCO (NYSE: 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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