Arrium swings to H1 profit

Group welcomes lower Australian dollar, notes investments in mining business.

Arrium (ARI) says it is well placed to benefit from its investments in the mining business, cost reductions and a sustained lower Australian dollar after swinging to a first-half profit.

Net profit was $220.4 million in the six months to December 2013, compared with a net loss of $448 million in the six months to December 2012.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles