Rautaruukki Q4 earnings double on strong demand |
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Published
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Wed, 07 Feb 2007 09:12
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HELSINKI (AFX) - Rautaruukki saw its fourth quarter pretax profit more than double as it enjoyed buoyant demand for steel and industrial construction materials, and said it is optimistic strong earnings growth will continue going into 2007.The company proposed a full-year dividend of 1.50 eur, with an extra dividend of 0.50 eur from profits made on the sale of its stake in long-steel business Ovako. That compares with the 0.68 eur it paid out for 2005.Quarterly pretax earnings rose to 258 mln eur from 121 mln eur a year earlier, as sales grew 13.9 pct to 1.013 bln eur.EPS came in at 1.55 eur, up from 0.68 eur.james.etheridge@afxnews.comje/gpCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Rautaruukki signs iron ore pellet supply deal with Sweden's LKAB 