Posco Future M (KRX:003670) posted a fourth-quarter net loss attributable to shareholders of 23.5 billion won, narrowing from 266.2 billion won a year earlier, according to a Wednesday filing with the Korea Exchange.

Sales of the battery material and chemical company were down 23% year over year to 557.6 billion won from 723.3 billion won.

Shares of Posco Future M fell more than 1% in recent trade.