ThyssenKrupp posts 4.7 bln eur loss on writedown in Americas
Dec 10 (Reuters) - Germany's ThyssenKrupp AG posted an unexpectedly large annual loss as it wrote down the value of its steel mills in the United States and Brazil and said it would pay no dividend for its last fiscal year.
The loss jumped to 4.7 billion euros after minorities from 1.3 billion a year earlier, well above consensus of 985 million euros in a Reuters poll.
Thyssen, Germany's top steelmaker, said it took a 3.6 billion euro impairment charge at its Steel Americas business, which is up for sale.
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- Analysis: Boeing bidders dangle goodies to win 777X jetliner
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image