ThyssenKrupp profit

BERLIN: German heavy industry giant ThyssenKrupp said on Thursday it had booked a strong boost in profit for the 2014-2015 business year and forecast healthy growth for the current year. ThyssenKrupp, which runs its business year from October to September, said that adjusted earnings before interest and taxes (EBIT) climbed by 26 per cent to around 1.7 billion euros ($1.8 billion). Net profit surged 37 per cent to 268 million, while turnover climbed four per cent to 42.8 billion euros. ThyssenKrupp, which is active in steel, a sector with volatile prices, has shifted its focus to products such as elevators, industrial plant technology, submarines and car parts — a strategy the company said was now paying off.