Ispat International N.V announces Q1 results

Ispat International N.V announces Q1 results

Ispat International N.V has recently announced financial results of first quarter of 2004, ended on March 31, 2004. According to the report, in the first quarter of 2004, the company achieved a net income of $102 million, against $51 million recorded in the corresponding period of 2003. Consolidated sales and operating income of the company are recorded as $1.8 billion and $158 million respectively, compared to $1.3 billion and $75 million recorded in the first quarter of 2003. Total shipments of the company increased to 4.2 million tons, up by 10%. Capital expenditure of the company is recorded as $21 million, while debt at the end of first quarter is recorded as $2.3 billion.