logo
Plus   Neg
Share
Email

Salzgitter Slips To Loss In Q2; Backs FY Outlook - Quick Facts

German steel producer Salzgitter Group (SZGPF.PK,SZGPY.PK) reported that its loss attributable to shareholders for the second-quarter was 1.8 million euros compared to net income of 68.4 million euros in the prior year. Loss per share was 0.02 euros compared to earnings per share of 1.2 euros in the previous year.

Earnings before taxes or EBT was 19.4 million euros, down from 102.7 million euros in the previous year.

Sales for the quarter declined to 2.23 billion euros from 2.31 billion euros last year.

For 2019, the company still anticipates a pre-tax profit (EBT) of between 125 million euros and 175 million euros, and slightly lower sales above the 9.0 billion euros mark.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The media mogul and Billionaire Sumner Redstone passed away on Tuesday at the age of 97, his family's holding company National Amusements said in a statement on Wednesday. He was Chairman Emeritus of ViacomCBS and chief executive officer of National Amusements. Customers in the U.S. are preferring digital or touchless payment methods due to concerns arising from the COVID-19 pandemic, a survey said. According to the survey by Rapyd Financial Network, the coronavirus pandemic has raised health and safety concerns around using cash and coins, and is accelerating the pre-existing trend toward digital transactions. American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until December 31, 2020 in response to lower travel demand due to the coronavirus pandemic. This means that the travelers need not pay penalties for changing the origin and destination cities.
Follow RTT