Wheeling-Pittsburgh reports 2003 financial results

Wednesday, 17 March 2004 10:37:00 (GMT+3)   |  
       

Wheeling-Pittsburgh reports 2003 financial results

US based steel mill Wheeling-Pittsburg has recently announced its financial results of fourth quarter and year ended December 31, 2003. However, the company emerged from bankruptcy pursuant to the plan of reorganization that became effective on August 1, 2003, hence the financial reports of the period after August 1, 2003 is posted as a different report. According to the report, operating loss of the company is recorded as $21 million in the fourth quarter of 2003 against $11.1 million recorded in the same period of 2002. Net sales in the fourth quarter totaled $237.1 million on shipments of 542'211 tons, against third quarter sales of $241.1 million on shipments of 559'272 tons. Net loss of the company is recorded as $23.7 million in the fourth quarter of 2003, against $13.1 million recorded in the same period of 2002. The company reported operating loss of $33.1 million for the five months ended December 31, 2003. Net sales of the subject period is $396.9 million on the shipments of 912'937 tons. In the seven-month period ended July 31, 2003, operating loss of the company is recorded as $71.3 million. Net sales of the company in this period is recorded as $570.4 million on shipments of 1'305'046 tons.

Tags: Fin. Reports 

Similar articles

Net profit declines sharply at Aço Verde Brasil

28 Mar | Steel News

Canada’s Algoma Steel expects lower steel shipments and EBITDA in Q4 FY 2023-24

27 Mar | Steel News

Chinese steel enterprises’ gross losses total RMB 14.61 billion in Jan-Feb

27 Mar | Steel News

Taiwan’s CSC reports higher operating revenues for Jan-Feb

27 Mar | Steel News

China Shenhua Energy posts net profit of RMB 59.694 billion for 2023

25 Mar | Steel News

CMC reports lower net earnings for fiscal Q2

21 Mar | Steel News

Turkey’s Kocaer Çelik posts higher net profit and sales volume for 2023

21 Mar | Steel News

China Coal Energy’s net profit up 7.0 percent in 2023

21 Mar | Steel News

Salzgitter reports lower net profit and sales revenue in 2023

18 Mar | Steel News

China Shenhua Energy’s coal sales up 12.7% to 77.1 million mt in Jan-Feb

15 Mar | Steel News