Arrium Projects 74% Decline In Annual Profit
Australia's Arrium Ltd (OTC: OSTLY) said it projects a 74% decline in its annual profit.
Arrium expects net profit in the financial year to be around 60 million Australian dollars (US$61 million), versus A$230 million, in the year-ago period. Its underlying net profit is projected to be at least A$190 million, versus A$235 million, in the year-ago period.
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