2011年5月18日星期三

IMS: returns to profit in Q1


IMS publishes a group net profit of 10.6 million euros for the first quarter of 2011, against a loss of 6.2 million euros a year earlier.

The distributor of specialty steels show an operating profit of 19.1 million euros, or 5.5% of sales, against a loss of 5.8 million euros in 2010.

It recorded a turnover of 347.3 million euros, an increase of 42.5%, with 14.1% and 28.7% volume effect of price impact.

The group said they had benefited from favorable market conditions in the first quarter and particularly the market for engineering steels.

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