South Africa's Mittal Steel, a unit of the world's top steel group, said headline earnings for the year to end December fell 8 percent to 4.646 billion rand, due to higher input costs.
Mittal SA, which is owned by Arcelor Mittal, said the decline in earnings was offset by an increase in domestic sales and a weaker rand/U.S. dollar exchange rate.
Read more at Reuters South Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment