Posco M-Tech Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2012
July 24, 2012 at 05:35 am EDT
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Posco M-Tech Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported sales of KRW 129,769 million against KRW 125,670 million a year ago. Operating income was KRW 5,078 million against KRW 3,922 million a year ago. Profit from continuing operation before corporate income tax was KRW 5,018 million against KRW 4,284 million a year ago. Net income was KRW 3,918 million against KRW 3,166 million a year ago.
For the six months, the company reported sales of KRW 259,361 million against KRW 258,416 million a year ago. Operating income was KRW 9,019 million against KRW 6,824 million a year ago. Profit from continuing operation before corporate income tax was KRW 9,134 million against KRW 7,619 million a year ago. Net income was KRW 7,136 million against KRW 5,932 million a year ago.
POSCO M-TECH CO.,LTD. is a Korea-based company mainly engaged in the provision of steel raw materials and packing materials. The Company operates its business through four divisions: steel raw materials division, packing business division, engineering business division and magnesium division. Its steel raw materials division provides aluminum ingots, pellets, mini-pellets, molybdenum briquette and ferro-molybdenum. Its packing business division provides packaging materials, packaging services and packing equipment. Its engineering division distributes packaging equipment, such as steel coil packaging lines, steel sheet dispensers, strap masters, outer-ring molders, steel automatic attaching facilities and others. Its magnesium division operates magnesium smelting factories. The Company also involves in the real estate rental business.
POSCO M-TECH CO., LTD. 
