Global metal big ArcelorMittal on Thursday posted USD 1,207 million web revenue for the quarter ended December 31, 2020.
The world’s largest metal maker had posted a web lack of USD 1,882 million within the year-ago quarter, the corporate stated in an announcement.
The firm reported a “net income attributable to equity holders of the parent” of USD 1,207 million within the fourth quarter.
ArcelorMittal follows January to December fiscal 12 months.
For the entire 12 months (2020), the corporate reported a web lack of USD 733 million as in opposition to web revenue of USD 2,454 million in 2019.
Further, the Board of Directors of ArcelorMittal has introduced that Aditya Mittal, who’s at present President, CFO and CEO ArcelorMittal Europe, will grow to be Chief Executive Officer of the corporate.
Lakshmi N Mittal, who’s at present Chairman and CEO, will grow to be Executive Chairman.
In this place he’ll proceed to steer the Board of Directors and work along with the CEO and administration staff, the assertion stated.
