Japan's Nippon Steel full-year profit down 21%, beats estimates
TOKYO - Nippon Steel, Japan's biggest steelmaker, posted on Thursday a 20.8% fall in net profit for the year ended in March to 549.4 billion yen, beating estimates.
Nippon Steel had been expected to post a net profit of 464.6 billion yen, according to a LSEG poll of analysts.The company reiterated that it planned to close its $15 billion deal to buy U.S. Steel by the end of this year at the latest.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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