We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
ArcelorMittal | EU:MT | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.54 | 23.50 | 23.63 | 0.00 | 01:00:00 |
By Kim Richters
The South African subsidiary of steelmaker ArcelorMittal (MT.AE) said Thursday that its 2019 earnings will be considerably lower than the previous period due to "an exceptionally difficult year."
ArcelorMittal South Africa Ltd. (ACL.JO) said its headline earnings for 2019 will decline by at least 4.3 billion South African rand ($298.3 million) compared with the year earlier and fall to a loss. In 2018, the company reported headline earnings of ZAR968 million.
Attributable profit for the year will decrease by at least ZAR6.1 billion and fall to a loss, the company said, while profit for 2018 was ZAR1.37 billion.
"The 2019 financial year unexpectedly represented the most challenging year since the global financial crisis for the world steel industry, and an exceptionally difficult year for the South African economy and ArcelorMittal South Africa," the company said.
The company's results will be published Feb. 6.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
January 23, 2020 11:10 ET (16:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year ArcelorMittal Chart |
1 Month ArcelorMittal Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions