Aperam set to omit dividend as net loss jumps 80 percent

Feb 05, 2013 | 12:54 PM | Elfi Middelbeek

Tags  Aperam, Philippe Darmayan, stainless steel, earnings report, elfi middelbeek

LONDON — Aperam SA will ask shareholders to forgo dividend payments after falling deeper into the red last year.

The Luxembourg-based stainless steel producer posted a net loss of $108 million, an 80-percent jump from a $60-million loss in 2011, on sales that fell 17.1 percent to $5.26 billion from nearly $6.35 billion. Earnings before interest, taxes, depreciation and amortization (Ebitda) tumbled 40 percent to $214 million from $356 million....

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