Arrium expects demand for iron ore to remain strong after reporting record iron ore sales in fiscal 2014 and swinging to a full-year profit, but warned earnings in its steel business will remain subject to margin pressure.
This figure strips out the miner's significant items, $36m in restructuring costs, an $8m asset impairment, $28m in tax adjustments and $19m associated with discontinuance of its steel transformation plan. Revenue increased by 2. 4 per cent to $7. 0 billion in the year.
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