LKAB Q4 2016 - Stable production, but profits brought down by non-recurring items
LKAB’s fourth quarter indicates stable production and delivery volumes, but profits were weighed down by the costs of urban transformation provisions and impairment losses for the Mertainen open-pit mine. For full year 2016 LKAB is reporting increased production and delivery volumes, record levels of pellet production and reduced costs. Despite this, non-recurring items meant that the result for the year was a loss.LKAB’s fourth quarter indicates stable production and delivery volumes, but profits were weighed down by the costs of urban transformation provisions and impairment losses for