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Real Economy News in Real Time
R/€ = 16.56 Change: -0.03
R/$ = 14.61 Change: -0.04
Au 1173.71 $/oz Change: -13.69
Pt 766.00 $/oz Change: -23.31
 
 
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India's Tata Steel posts Q4 profit

16th May 2018 BY: Reuters

Tata Steel on Wednesday posted a net profit of 146.88-billion rupees ($2.17-billion) for the quarter ended March 31, aided by a one-time gain.

The Indian steelmaker saw an exceptional gain of 113.76-billion rupees in the quarter, which included a gain from the restructuring of its UK pension scheme.

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The company had a loss of 11.68-billion rupees a year earlier. 

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EDITED BY: Reuters
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