SEOUL, POSCO Future M Co. on Tuesday reported its 2023 net income of 4.4 billion won (US$3.3 million), down 96.4 percent from a year earlier.

The company said in a regulatory filing that it posted 35.9 billion won in operating profit for the year, compared with 165.9 billion from the previous year. Annual sales rose 44.2 percent to 4.75 trillion won.

Source: Yonhap News Agency