Tuesday, July 17, 2007

SSAB shares tumble as Q2 disappoints

(Reuters) - SSAB, which expects to complete the Ipsco takeover this week, reported a pretax profit of 1.86 billion crowns versus a forecast 2.31 billion crowns in a Reuters poll and 1.78 billion in the same quarter of 2006.




The steel maker's shares dived on the news, to trade 44.50 crowns lower at 269.50 crowns at 1515 GMT.


Read more at Reuters.com Hot Stocks News

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