ArcelorMittal (MT) reported fourth quarter net income attributable to equity holders of the parent of $1.21 billion compared to a loss of $1.88 billion, prior year. Profit per share was $1.00 compared to a loss of $1.86. Adjusted net income was $224 million compared to a loss of $224 million, last year.

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ArcelorMittal (MT) reported fourth quarter net income attributable to equity holders of the parent of $1.21 billion compared to a loss of $1.88 billion, prior year. Profit per share was $1.00 compared to a loss of $1.86. Adjusted net income was $224 million compared to a loss of $224 million, last year.

RTTNews | Feb 11, 2021 01:20AM EST

01:20 Thursday, February 11, 2021 (RTTNews.com) - ArcelorMittal (MT) reported fourth quarter net income attributable to equity holders of the parent of $1.21 billion compared to a loss of $1.88 billion, prior year. Profit per share was $1.00 compared to a loss of $1.86. Adjusted net income was $224 million compared to a loss of $224 million, last year.

Fourth quarter sales declined to $14.18 billion from $15.51 billion, previous year. Sales were 8.6% lower year-on-year primarily due to the ongoing impact of the COVID-19 pandemic on overall steel demand (shipments down 12.4%).

Read the original article on RTTNews ( https://www.rttnews.com/3168838/arcelormittal-reports-adj-profit-in-q4-sales-down-8-6-quick-facts.aspx)

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