SEOUL (Reuters) - South Korea's top steelmaker POSCO posted a 36 percent rise in operating profit in the third quarter from a year earlier, meeting analysts' forecasts due to higher steel product prices.
POSCO, the world's fifth-biggest steelmaker, said on Tuesday its consolidated operating profit rose to 1.5 trillion won ($1.3 billion) in the third quarter, compared with 1.1 trillion won a year earlier and an average estimate of 1.4 trillion won from 11 analysts, according to Refinitiv data.
POSCO's revenue rose 9.1 percent to 16.4 trillion won.
($1 = 1,136.5200 won)
(Reporting By Jane Chung and Ju-min Park; Editing by Tom Hogue)
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