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ThyssenKrupp predicts stainless steel business to improve next year
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Owing to higher prices and increased European demand for steel used in construction and industrial goods, ThyssenKrupp AG, Germany's largest steelmaker, announced that their full-year profit rose by about 33 percent and the net income reached to €4.30 per share ended September 30, from €3.24 a year earlier.
The total profit before tax also climbed to €3.33 billion from €2.62 billion of last year. The company said it expects sales to rise to €53 billion this fiscal year from €51.7 billion.
In the meanwhile, the company predicted that stainless steel business will improve next year and both of their sales and earnings will reach new record levels.
News Date
12/4/2007 3:42:12 PM
reported by
Cathy Tai
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