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| Name | Symbol | Market | Type |
|---|---|---|---|
| Aurubis AG (PK) | USOTC:AIAGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 39.11 | 39.50 | 42.16 | 0.00 | 18:51:12 |
From Jun 2019 to Jun 2024
German copper maker and processor Aurubis AG (NDA.XE) Monday reported an operating loss of EUR21 million in the first quarter of 2011, down from an operating profit of EUR47 million a year earlier, which the company attributed to the two-week shut-down of a smelter in Hamburg and further extraordinary effects amounting to around EUR50 million.
MAIN FACTS:
-Profit before tax fell to EUR135 million, compared to EUR172 million a year earlier.
-High inventory levels and significant metal price increases are the main source of the negative impact on results, Aurubis said.
-Furthermore the effect of metals for which prices are fixed at a later stage, to be valued for accounting purposes at quarter-end, also had a negative impact.
-Aurubis still expect higher earnings for the current fiscal year compared to last year.
-The company will publish a full report for the first quarter on Feb. 9.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
Order free Annual Report for Aurubis Group
Visit http://djnweurope.ar.wilink.com/?ticker=DE0006766504 or call +44 (0)208 391 6028
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