US Steel in 2012 received a net loss of $ 124 million, but will pay dividends

The US metallurgical company United States Steel reported on losses from production activities in 2012. This was reported by the press service of US Steel.

The revenue of US Steel in 2012 fell up to $ 487 million with $ 4 billion 819 million in 2011.

The net loss of US Steel last year amounted to $ 124 million. In the fourth quarter of 2012, the company lost more than $ 50 million. Moreover, in 2011, the American company was also unprofitable. Then the losses reached $ 53 million at the end of the year.

Earlier it was reported that the US Steel in the third quarter of 2012 compared to the same period in 2011 increased net profit - to $ 44 million, increasing the profitability of to 28 cents per share.

In 2010 net profit united states Steel was at the level of $ 22 million, or 15 cents per share. However, by the end of 2010, the consolidated income of the company decreased by 8% and amounted to 4 billion 700 million dollars.

However, despite the losses of United States Steel Corporation, today announced that the board of directors decided to pay dividends in the amount of five cents per share. Dividends will be paid on March 8, 2013.

Wall Street analysts estimate the loss of a metallurgical company on average at the level of 70 cents per share with revenue of $ 4 billion 300 million, this is evidenced by the Factset agency survey data.