ThyssenKrupp’s net loss leaps to $94M in quarter

Feb 14, 2014 | 05:22 PM | Elfi Middelbeek

Tags  steel, ThyssenKrupp, ThyssenKrupp Americas, earnings report, Outokumpu, Elfi Middelbeek

LONDON — ThyssenKrupp AG’s net loss surged in its fiscal first quarter, attributing it largely to the sale of its 29.9-percent shareholding in Outokumpu Oyj in December.

Essen, Germany-based ThyssenKrupp reported a net loss of €69 million ($94 million) for the three months ended Dec. 31, more than four times the €16-million loss in the same period a year earlier, it said Feb. 14 in its earnings report.....

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