The largest steel producer in Germany recorded a quarterly loss

The German industrial group ThyssenKrupp, the largest steel producer in the country, gained a net loss of 131 million euros against the net profit of 120 million euros a year earlier following the third financial quarter ended June 30. Adjusted profit was 332 million euros, 1.9 times down year-on-year. Revenues increased by 2% to 11 billion 120 million euros. For 9 months of the fiscal year, the company's net profit fell to 230 million euros from 326 million euros over the same period last year due to one-time expenses associated with the establishment of a joint venture with Indian Tata Steel. By the end of nine months, revenue increased by 3% to 31 billion 700 million euros.

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