POSCO reported audited consolidated and parent company earnings results for the full year ended December 31, 2015. For the year, on consolidated basis, revenue was KRW 58,192 billion against KRW 65,098 billion a year ago. Operating profit was KRW 2,410,043 million against KRW 3,213,530 million a year ago. Profit before income tax was KRW 180,758 million against KRW 1,378,144 million a year ago. Net profit was KRW 96.18 billion against KRW 556.66 billion a year ago. Free cash flow KRW 7,602 billion against KRW 3,412 billion a year ago. Net debt was KRW 16,549 billion against KRW 22,231 billion a year ago. Profit attributable to owners of the controlling company was KRW 180,647 million against KRW 626,099 million a year ago. Basic and diluted earnings per share was KRW 1,845 compared to KRW 7,432 a year ago. Net cash provided by operating activities was KRW 7,601,829 million against KRW 3,412,099 million a year ago. Acquisitions of property, plant and equipment was KRW 2,560,244 million against KRW 3,505,549 million a year ago.

For the year, on parent company basis, revenue was KRW 25.6 trillion. Net debt was KRW 0.4 trillion.

For the full year of 2016, on parent company basis, the company expects revenue of KRW 24.3 trillion and net debt of KRW 2.1 trillion.

For the full year of 2016, on consolidated basis, the company expects revenue of KRW 58.7 trillion and net debt of KRW 14.6 trillion.