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Tata Steel’s Q4 2011 Ebitda down year-on-year to $336m

February 09, 2012 - 16:34 GMT Location: London

KEYWORDS: Tata Steel

Tata Steel Group’s earnings fell in the last three months of 2011 as it recorded reduced steel deliveries in the third quarter of its financial year, it reported on Thursday February 9.

Group earnings, before interest, taxes, depreciation and amortisation (Ebitda) was $366 million in the third quarter of the company’s 2012 financial year, which ends on March 31, 2012. This was down from $636 million in the corresponding period a year ago and from $555 million in its second quarter, it said in a financial statement. The...

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