Tuesday, July 17, 2007

UPDATE 1-SSAB Q2 pretax disappoints, shares tumble

(Reuters) - SSAB, which said it expects the Ipsco takeover to be
completed this week, reported a pretax profit of 1.86 billion
crowns versus a forecast 2.31 billion crowns in a
Reuters poll and 1.78 billion in the same quarter of 2006.




SSAB fell sharply on the news, and were trading 9.4 percent
lower at 284.50 at 1040 GMT.


Read more at Reuters.com Market News

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