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| ArcelorMittal Incurs US$792 Million Loss For 2Q09 |
| = While net debts compressed to US$22.9 billion = |
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According to the second quarter 2009 results announced by ArcelorMittal, the Company posted a Net Loss of US$792 million, which was due in part to exceptional charges amounting to US$1.2 billion pre-tax, related primarily to write-down of inventory (US$0.9 billion) and provisions for workforce reduction (US$0.3 billion). Menwhile, the Company successfully reinforced financial structure by reducing Net Debt by US$3.8 billion to US$22.9 billion. |
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| last modified : Thu 06 Aug, 2009 [10:28] |
