Vallourec Reports Stable Fourth Quarter Core Profit
French steel tubes maker Vallourec reported a stable fourth-quarter core profit of 214 million euros today. The results were held back by currency effects.
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Vallourec S.A., the specialized steel tubes manufacturer headquartered in France, reported on Friday that its fourth-quarter core profit remained flat compared to the previous year. The company cited unfavorable currency exchange rates as a primary factor limiting earnings growth during the period.
