Corus reports first annual profits

UK steel group Corus reported annual profits for the first time today, before warning that trading conditions were set to become more uncertain.

Corus reports first annual profits
Thu, 17 Mar, 2005 - 10:50

UK steel group Corus reported annual profits for the first time today, before warning that trading conditions were set to become more uncertain.

The company – formed from the merger of British Steel and Dutch firm Hoogovens in 1999 – brought a halt to five years of losses with a surplus of £559m (€804m).

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