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Real Economy News in Real Time
R/€ = 14.55 Change: 0.02
R/$ = 12.50 Change: 0.01
Au 1301.61 $/oz Change: -2.13
Pt 901.50 $/oz Change: -9.36
 
 
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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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