ThyssenKrupp operating profit jumps on lower Brazil losses
FRANKFURT Feb 14 (Reuters) - German industrial group ThyssenKrupp reported on Friday its quarterly adjusted operating profit more than doubled as it reined in losses at its steel mill in Brazil.
Adjusted earnings before interest and tax (EBIT) for ThyssenKrupp's fiscal first quarter through December rose 131 percent to 247 million euros ($337.6 million), beating the 213 million euros average analyst estimate in a Reuters poll.
ThyssenKrupp affirmed its full-year outlook, saying it expected adjusted EBIT for the 12 months through September to jump to about 1 billion euros from 599 million a year earlier, excluding any impact from disposals.
($1 = 0.7317 euros) (Reporting by Maria Sheahan; Editing by Christoph Steitz)
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