(D) – In spite of a sharp drop in sales, the German stainless steel recycler ELG posted considerably better earnings for the 2016 business year. According to the annual report published on 10 April by parent company Haniel, ELG reported operating earnings of €18m. This compared to a loss of €6m posted one year ...
Good scrap availability in second half of 2016 helped raise ELG’s operating earnings
Pre-tax earnings still sharply negative / Sales down 19 per cent
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