POSCO reported unaudited consolidated earnings results for the first quarter of 2013. For the period, the company reported revenue of KRW 14,582 billion against KRW 16,309 billion for the same period in the last year. Operating profit was KRW 717 billion against KRW 752 billion for the same period in the last year. Net profit was KRW 292 billion against KRW 636 billion for the same period in the last year. Net profit attributable to the owners of the company was KRW 278 billion against KRW 630 billion for the same period in the last year. The company provided consolidated and parent earnings guidance for 2013. For the year, on consolidated basis, the company expects revenue of KRW 64 trillion and investment of KRW 7 – KRW 8 trillion. The company expects crude steel production of 37 million tons. For the year, on parent basis, the company expects consolidated revenue of KRW 32 trillion and investment of KRW 3.5 – KRW 4 trillion. The company provided production guidance for 2013. The company expects crude steel production of 37 million tons for 2013.

POSCO reported non consolidated earnings results for fiscal year ended December 31, 2012. For the period total sales were KRW 35,664,933 million compared to KRW 39,171,703 million in the same period last year. Operating Income was KRW 2,789,597 million compared to KRW 4,196,028 million in the same period last year. Profit before income tax was KRW 3,122,281 million compared to KRW 4,065,720 million in the same period last year. Net income was KRW 2,499,523 million compared to KRW 3,188,845 million in the same period last year. Earnings per share KRW 32,359 compared to KRW 41,279 in the same period last year. Total Shareholders’ Equity was KRW 39,164,548 million compared to KRW 37,598,016 million in the same period last year. Net cash provided by operating activities was KRW 5,670,889 million compared to KRW 3,186,490 million in the same period last year. Acquisition of property, plant and equipment was KRW 2,494,862 million compared to KRW 3,304,376 million in the same period last year. Acquisition of intangible assets was KRW 92,776 million compared to KRW 25,499 million in the same period last year.

POSCO announced interim cash dividend of USD 1.326259 taxable. The withholding tax will be applicable at the rate of 16.50% or USD 0.218832. The net dividend rate will be USD 1.107427. The dividend will be payable on April 22, 2013 and the record date was December 28, 2012.