Metso releases Q2 interim report

Friday, 25 July 2008 11:07:48 (GMT+3)   |  
       

Finland-based global engineering and technology company Metso Corporation has released its interim report for the second quarter of 2008.

According to the release, during the period in question Metso Corporation's operating profit increased by five percent year on year to €155.2 million, while total orders received dropped down 17 percent to €1.74 billion compared with the same period last year.

In the second quarter of 2008, Metso's earnings before interest, tax and amortization (EBITA) upped by three percent to €166.5 million, while its net sales saw a six percent increase from €1.53 billion in the corresponding period of the previous year to €1.63 billion.

President and CEO of Metso Corporation Jorma Eloranta commented, "As indicated three months ago, we experienced a strong bounce back in mining orders during the second quarter, and in fact they were at a record level. Our growing presence in the emerging markets and strong focus on the services business gives us confidence that the profitable growth in our minerals business will continue".


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