Aurubis issues profit warning on weaker prices

Nov 06, 2013 | 01:06 PM | Mark Burton

Tags  Aurubis, profit warning, fiscal fourth quarter, copper, copper scrap, metals prices, scrap, sulfuric acid Peter Willbrandt

LONDON — Aurubis AG issued a profit warning after metals sales fell in its fiscal fourth quarter and scrap and acid markets remained problematic.

The Hamburg, Germany-based company said preliminary figures indicate a pretax loss of €233 million ($314.4 million) for the fiscal year ended Sept. 30 in contrast to earnings of €516 million in the same period a year earlier.....

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