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Salzgitter To Slash Dividend

German steel maker Salzgitter AG (SZGPY.PK, SZGPF.PK) said it plans to pay shareholders a dividend of 0.25 euros per share, down from 0.45 euros per share share a year before.

In addition, the company projects a positive pre-tax profit in the lower double-digit million euro range in 2013, with sales anticipated to remain stable. Provided that the economic conditions remain stable in its core markets, the company expects a slight sales growth in 2014.

by RTTNews Staff Writer

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