TK back in the black after two years

摘要

Germany's ThyssenKrupp has unveiled its first net quarterly profit in two years and lifted its fiscal 2014 forecast, citing its strong results. The second quarter profit reflected lower one-time charges and higher net sales as all business areas posted sales growth, except Steel Europe, where sales decreased due to disposals. Net income totalled ?269 M in Q2 ($370.21 M), compared to loss of ?129 M a year ago. Earnings before interest and tax or Ebit was ?325 M, versus a loss of ?53 M last year. The latest results included disposal gains of ?63 M, partly offset by restructuring expenses, while prior-year's results included other non-operating expenses of ?228 M.