ThyssenKrupp reports profit as orders soar
August 14, 2010 - 0:0
BERLIN (AP) -- German steelmaker ThyssenKrupp AG says it earned euro298 million ($383 million) in the April-June quarter as orders and revenues both rose strongly in a recovering economy.
The profit reported Friday compared with a net loss of euro630 million a year earlier in the company's fiscal third quarter.ThyssenKrupp says that orders rose 38 percent to euro10.93 billion from euro7.93 billion. Revenues were up 26 percent to euro11.68 billion from euro9.3 billion.
The company says it is raising its outlook for the full fiscal year and now expects adjusted pretax earnings “in the mid to higher three-digit million euro range.”