Sweden's LKAB reports surge in Q1 operating profits on iron ore price rise

Swedish iron ore producer LKAB has reported a ten-fold increase in operating profits for the first quarter of 2017, the company said on Thursday April 27.

LKAB’s operating profit was SKr1.71 billion ($194.89 million) in the January-March quarter, up from SKr171 billion ($19.49 million) in the corresponding period last year.

"The cost efficiency programmes implemented in recent...


April 27, 2017

16:14 GMT