(Reuters) - The Canadian steelmaker, which is on the auction block,
said it lost C$41 million in the second quarter, compared with
a loss of C$39 million in the first quarter. The company did
not provide a per-share figure.
Excluding the charges, and also factoring out a C$30
million foreign exchange gain on long-term debt, Stelco turned
a profit before income taxes of C$5 million, it said.
Read more at Reuters.com Market News
said it lost C$41 million in the second quarter, compared with
a loss of C$39 million in the first quarter. The company did
not provide a per-share figure.
Excluding the charges, and also factoring out a C$30
million foreign exchange gain on long-term debt, Stelco turned
a profit before income taxes of C$5 million, it said.
Read more at Reuters.com Market News
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