Dofasco's profits sink on steel segment loss

Oct 31, 2005 | 09:12 AM |

Dofasco Inc.'s earnings plunged 95.5 percent in the third quarter, driven by a loss at its steel operations segment.

DOFASCO INC.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$1,104,500$1,089,000Net income$5,200$115,000Per share0.071.499 months ended Sept. 30Net sales$3,238,600$3,111,800Net income$142,600$280,100Per share1.843.65In Canadian dollars"We are disappointed with the results achieved this quarter in Hamilton, which were adversely impacted by difficult business conditions that hit both revenues and costs," said Don Pether, president and chief executive officer of the Hamilton, Ontario,-based company.....

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