31 Juli 2008
ArcelorMittal in 31 % Profit Surge

PARIS - ArcelorMittal, the biggest steel group in the world, reported a 31 percent leap in net profit to US$8.2 billion on Wednesday and said.

ArcelorMittal said the figures, well ahead of targets, were driven by a rise in its steep prices and strong demand from emerging countries.

In the second quarter alone, net profit rose by 114 percent to $5.8 billion.

First-half profit before earnings, interest, tax, depreciation and amortization rose by 35 percent from the equivalent figure last year to $13.09 billion.

(The Jakarta Post)

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