Arrium jumps on swing to FY profit

By Elizabeth Redman

Arrium shares have jumped as it expects demand for iron ore to remain strong after reporting record iron ore sales in fiscal 2014 and swinging to a full-year profit, but warned earnings in its steel business will remain subject to margin pressure. At 10. 15am (AEST), Arrium shares rose 6. 62 per cent to 80. 5c, against a benchmark index lift of 0. 39 per cent.

Read more here: Business Spectator


You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>