Thursday, November 24, 2016

Thyssenkrupp FY16 Profit Down, Cautiously Optimistic For FY17; Stock Dips

Shares of ThyssenKrupp AG (TYEKF.PK) declined around 2 percent in the morning trading after the German steel giant on Thursday said it is cautiously optimistic for fiscal 2017 after reporting weak profit in fiscal 2016. "Our minimum long-term target of at least ?2.0 billion adjusted EBIT remains unchanged," CEO said.

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