ThyssenKrupp finances weaken as Steel Americas talks drag on
FRANKFURT Aug 13 (Reuters) - Germany's ThyssenKrupp saw its finances deteriorate further in its financial third quarter as continuing losses in Steel Americas and weak steel prices led to a quarterly loss.
Its equity capital shrank to only 8 percent of its assets at the end of June, from 9.5 percent at the end of March, ThyssenKrupp said on Tuesday as it reported an unexpected 238 million euro ($315.03 million) quarterly net loss.
Liquidity in form of cash and undrawn credit lines eased to 7.2 billion euros ($9.5 billion) from 8 billion.
($1 = 0.7555 euros) (Reporting by Maria Sheahan; Editing by Marilyn Gerlach)
- Exclusive: Malaysia plane probe narrows on mid-air disintegration - source
- Radar showed missing plane may have turned back: Malaysia military
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Malaysian plane presumed crashed; questions over false IDs |
- Merkel raps Putin as Russian forces tighten grip on Crimea |