Arrium suffers heavy loss

ARRIUM has posted a $A447 million loss for the half year ending in December, which is more than five times worse than its $74 million loss in the previous corresponding period.

Arrium suffers heavy loss Arrium suffers heavy loss Arrium suffers heavy loss Arrium suffers heavy loss Arrium suffers heavy loss

The result comes in the wake of $474 million of write downs booked earlier this month on the Sydney-based miner and steelmaker’s manufacturing and distributions segments.

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