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Ipsco predicts recovery, but gives profit warning

Article Abstract:

Ipsco Inc., which is the fifth-largest steel manufacturer in Canada, has issued a first-quarter profits warning. Industry analysts said that Ipsco, which also may not meet expectations for the second quarter, and other steel makers may take a long time to recover from the industry-wide slowdown.

Author: Keenan, Greg
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
Canada

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Ipsco slashes dividend, citing need to save cash

Article Abstract:

Ipsco Inc. has lowered its quarterly dividend from 12.5 cents per share to 5 cents per share in order to save cash. The steel manufacturer is expecting a loss during the fourth-quarter period.

Author: Keenan, Greg
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
Dividends

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Ipsco profit plummets 51% in quarter

Article Abstract:

Ipsco Inc. posted a decline of 51% in its profits for the 2001 first-quarter. The company posted US$8.5 million in profits for the period.

Author: Keenan, Greg
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001

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Subjects list: United States, Finance, Steel industry, Steel products, Ipsco Inc.
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