Arrium's profit slumps 75%
Market watch top headlines
Australian reports
- Aust markets: Aust stocks close lower
- Aust dollar report: $A finishes the day higher
- Aust credit close: Aust bonds weaker
World reports
- World commodities: Commodities markets summary
- World markets: International markets roundup
AAP
2012-08-21
Mining and steel company Arrium has posted a 75 per cent slump in net profit to $58 million.
The result compare to a $230 million profit for the prior financial year and includes a $125 million writedown of Arrium's LiteSteel beam technology made during the year.
Underlying net profit for the year ended June 30 was $195 million, compared to $235 million.
Arrium was formerly known as OneSteel.
Copyright ©
Fairfax Digital
