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13 Mar
17:52

Steel Partners' profits shrink in 2017

Umbrella holding company Steel Partners saw its net revenue increase in 2017, though its profits only reached break-even, Kallanish learns from the company’s annual letter to shareholders. Steel Partners revenue reached $1.4 billion in 2017 from $1.2 billion in 2016. Net income, however, fell to break-even from $6.6 million in 2016. “In 2018, while we will continue to focus on adding value and growing our businesses, we view exploring the use of a…
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