26
Aug
11:41
Krakatau Steel fights losses and rumours
Indonesia’s PT Krakatau Steel has reported net losses of $87.54 million in the first half of 2016 despite showing an operating profit at its main operations. The company is seeking to reassure investors meanwhile that its joint venture partners are not planning to pull out, Kallanish notes
The H1 loss was an improvement on the $134.93m it lost a year earlier, and Krakatau is targeting net losses of just $51m over the full year. The company said its sales w…
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Anonymous
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