(Reuters) - TORONTO, July 25 - Stelco Inc. reported
a second-quarter loss on Wednesday due to asset impairment
charges of C$38 million and other one-time
items, but its stock rose as revenue beat expectations and the
company saw profits ahead.
The steelmaker, which is on the auction block, said it lost
C$41 million in the second quarter, compared with a loss of
C$39 million in the first quarter. The company did not provide
a per-share figure.
Read more at Reuters.com Market News
a second-quarter loss on Wednesday due to asset impairment
charges of C$38 million and other one-time
items, but its stock rose as revenue beat expectations and the
company saw profits ahead.
The steelmaker, which is on the auction block, said it lost
C$41 million in the second quarter, compared with a loss of
C$39 million in the first quarter. The company did not provide
a per-share figure.
Read more at Reuters.com Market News
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