India, May 15 -- German industrial conglomerate ThyssenKrupp AG (TYEKF.PK) reported that its second quarter net income was 167 million euros compared to a net loss of 72 million euros in the prior year. The significant improvement was supported mainly by the sale of thyssenkrupp Electrical Steel India. This was partly offset by impairment losses of around 90 million euros at Steel Europe caused by the gloomy economic situation, persistently high energy costs and planned investments in decarbonizing the business.
Quarterly net income after deducting minority interest was 155 million euros compared to a loss of 78 million euros in the prior year. Earnings per share were 0.25 euros compared to a loss of 0.13 euros per share in the previous ye...