logo
Share SHARE
FONT-SIZE Plus   Neg

AMG Advanced Metallurgical Q1 Profit Declines - Quick Facts

AMG Advanced Metallurgical Group N.V. (AMVMF.PK) posted first quarter net profit attributable to shareholders of $3.5 million or $0.13 per share, lower than $6.97 million or $0.25 per share last year.

Adjusted earnings per share dropped to $0.26 from $0.35 in the same quarter a year ago.

Revenue grew to $323.98 million from $318 million in the prior-year quarter.

Heinz Schimmelbusch, Chairman of the Management Board and CEO, said, "Business was challenging in the first quarter 2012. Demand improved in a number of Advanced Materials products but that was not enough to offset increased costs in mine-based businesses, resulting in a decline in EBITDA. Engineering Systems' order intake was encouraging; however, pricing pressure and changes in product mix resulted in an unsatisfactory performance..."

Moving ahead, despite global uncertainties, AMG targets an increase in revenue and EBITDA in 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT