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Lower profits for state-owned LKAB

Higher prices for high value-added järnmalmsprodukter and a stronger dollar did, however, that the company's net sales and operating profit increased in the quarter, according to LKAB.

Operating profit increased by 44 per cent, compared with the corresponding period in 2017.

from 6.208 million to 6.911 million in the fourth quarter.

the Board of directors proposes an ordinary dividend if the total of 3.164 million.

LKAB estimates that the oversupply of fine-grained iron ore remains high, which puts pressure on prices. At the same time is considered the premium of the high value-added järnmalmsprodukter to remain high, according to the report.

the Company will intensify prospekteringsarbetet to secure a supply of ore after 2030.

Read also: race against the clock to find iron ore

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