Mittal Steel Kryvy Rih 1H Sales Up 16%.
3 July 2008
The company’s (KSTL: BUY) preliminary half-year results show sales up 16% yoy to $1,268.5m and projected earnings before taxes up 31.8% yoy to $307.2m. KSTL’s preliminary gross margin was 33.9%, up from 30.3% last year. Andriy Gostik: Two main factors led to the company’s improved financials: more efficient management installed by the new owner, Mittal Steel, and less transfer pricing.
