Bloomberg News

YIT Cuts Full-Year Operating Profit Outlook on Ammonia Cost

October 12, 2011

Oct. 12 (Bloomberg) -- YIT Oyj cut its full-year outlook for operating profit after making a 10 million-euro provision in the third quarter over the ammonia problem discovered at its flats in St. Petersburg.

YIT said operating profit will grow compared with last year, compared with its prior expectation of “clear growth.”

Link to Statement:{NSN LSXVC93HBS3K <GO>}

To contact the editor responsible for this story: Kati Pohjanpalo at kpohjanpalo@bloomberg.net


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