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German industrial giant Thyssenkrupp posts huge loss
23-Nov-2017

German industrial giant Thyssenkrupp today posted an annual loss of 649 million euros (USD 768 million) for the year ending September, due mainly to a one- off charge related to the sale of Brazilian steel mill CSA. Thyssenkrupp, which makes products ranging from submarines to car parts to elevators, had issued a profit warning in May about the exceptional charge.

News Source:- http://www.financialexpress.com/industry/german-industrial-giant-thyssenkrupp-posts-huge-loss/944969/