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INDEPENDENT Rs | The Board Room : Mittal's Profits Drop

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PostPosted: Mon May 09, 2016 5:55 pm Reply with quote
Joined: Sat Apr 16, 2016 1:43 pmPosts: 49Location: Wendover and Secret under water volcano base.
Report in the business section of the sub standard on Friday that ArcelorMittal had declared first quarter profits down 33% to £639 million, this being in line with analysts forecasts. The profits however were on much lower revenues than expected, showing a higher profit to revenue ratio.

Mittal's is now Britain's 11th richest man and was quoted as saying " we have seen a recovery in spreads ln our core markets to more sustainable levels, which is expected to result in improved results in the coming quarters".

We need him to stay in the money, so he can supply financial clout if ever anything actually comes of the plans for a new ground.

As if..........


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PostPosted: Tue May 10, 2016 1:41 pm Reply with quote
User avatarJoined: Sat Feb 24, 2007 11:26 amPosts: 2325Location: Walkden Manchester
Yes Paddington Paul. We need the Mittal men on the scene.



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