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Article: Norddeutsche Affinerie falls to 1Q loss of euro98M
- Article from:
- AP Worldstream
- Article date:
- February 12, 2009
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Norddeutsche Affinerie AG, Europe's largest copper producer, reported Thursday it fell to a euro98 million ($126 million) loss in the first quarter, saying a steep drop in copper prices cut into its bottom line.
The Hamburg-based company said its loss for the October through December period, its fiscal first quarter, compared with a net profit of euro60 million in the year prior quarter.
Pretax profit fell 54 percent from a year earlier, to euro19 million, although sales rose 6 ...