Thyssenkrupp Profit Slips, Brazil Mill Sale Weighs
August 10 2017 - 2:00AM
Dow Jones News
By William Wilkes
BERLIN--German industrial conglomerate Thyssenkrupp AG (TKA.XE)
on Thursday reported that net profit fell in the third quarter of
fiscal 2017, due in part to the sale of a Brazilian steel mill.
The company said it posted a net profit attributable to
shareholders of 120 million euros ($140.86 million) for the period
ended June 30, compared with a EUR130 million profit a year
earlier. The figure was below analyst estimates for a EUR193
million.
Revenues rose to EUR10.93 billion from EUR9.87 billion, slightly
beating analyst forecasts for a EUR10.69 billion result.
The company reiterated its full-year guidance, saying it expects
operating profit to improve for the full year, with adjusted
earnings before interest and taxes expected to rise to EUR1.8
billion.
Write to William Wilkes at william.wilkes@wsj.com
(END) Dow Jones Newswires
August 10, 2017 01:45 ET (05:45 GMT)
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