Arrium Limited
(ASX:ARI) posts a full year loss of $1.92 billion, down from a profit of $205.4 million the previous period.
The mining and minerals company attributed the loss to a fall in earnings and cash flow, impacted by a 40 per cent fall in average market prices.
Arrium said it was inappropriate at this time to provide forward guidance, but the group did suggest falling Asian steel prices were likely to impact first half earnings for fiscal 2016.
The miner also said it would benefit from cost restructuring.
The company will not be paying a final dividend.
