Posco Future M (KRX:003670) posted first-quarter net income attributable to shareholders of the parent of 49 billion won, down 18.5% from 60.2 billion won a year earlier, according to a Thursday filing with the Korea Exchange.

The battery material and chemical company's sales fell 25.7% year over year to 845.4 billion won from 1.138 trillion won.

Shares of Posco Future M fell nearly 2% at market close on Thursday, April 24.