Seoul: POSCO DX Co. on Thursday reported its first-quarter net income of 21.7 billion won (US$15.2 million), marking a decrease of 15.8 percent from the previous year.

According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating income for the January-March period fell by 35 percent on-year, amounting to 22.9 billion won. The revenue also saw a decline, decreasing by 32.6 percent to 296.8 billion won.

This performance reflects the financial challenges faced by the company in the first quarter, as indicated by the significant drops in both operating income and revenue.