Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Malawi: HIV-infected man paid to have sex with girls arrested

Read more

ACROSS AFRICA

Meet Omar, the 10-year-old chef who became a social media star

Read more

EYE ON AFRICA

Gigantic snails are a delicacy in Ivory Coast

Read more

FRANCE IN FOCUS

La vie en gris: The story behind France's famed rooftops

Read more

REPORTERS

Video: Olympic refugee team goes for gold

Read more

FOCUS

Taiwan's nuclear dumping ground

Read more

ENCORE!

Greece: Creativity in a time of crisis

Read more

BUSINESS DAILY

French growth grinds to a halt over strikes

Read more

IN THE PAPERS

Norway will 'move mountains' for Nordic neighbour Finland

Read more

ArcelorMittal posts record profit

Latest update : 2008-02-13

Although ArcelorMittal announced in January its plans to cut 600 jobs in France, the largest steel company in the world had an annual record profit of 7.5 billion euros in 2007.

ArcelorMittal, the world's largest steel company, reported Wednesday an annual net profit of 10.36 billion dollars (7.5 billion euros) in 2007.
  
The results represented a 30 percent increase from 2006 when the steelmaker posted a pro forma net profit of 7.9 billion dollars, the company said in a statement.
  
The 2007 results marked the first full year following the merger of Arcelor and Mittal Steel in June 2006.
  
"I am very proud of the way the two companies have integrated so successfully, building a steel company which is focused on leading the transformation of our industry towards a sustainable future," said Lakshmi Mittal, president and CEO, in the statement.
  
"Today’s results clearly demonstrate the considerable progress that we are making in this regard," he said. 

Date created : 2008-02-13

COMMENT(S)