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Reuters reported Arrium (ASX:ARI) said it expected continued strong iron ore demand from China and posted a forecast-beating 6 percent rise in second-half profit.
Reuters reported Arrium (ASX:ARI) said it expected continued strong iron ore demand from China and posted a forecast-beating 6 percent rise in second-half profit.
As quoted in the market news:
Underlying second-half profit for the company, which changed its name from OneSteel earlier this year to reflect its more diversified portfolio, was A$117 million, according to Reuters calculations.
That was ahead of A$110 million a year earlier and above analysts’ expectations of A$104.3 million.