CLEVELAND, OH-- Cliffs Natural Resources has released its 4th quarter and full-year results for the period ended December 31, 2016.
Fourth-quarter consolidated revenues of $754 million increased 58 percent from the prior year's fourth-quarter revenues of $476 million. The company recorded a net income of $81 million, compared to a net loss of $58 million in the 4th quarter of 2015.
Full-year 2016 consolidated revenues of $2.1 billion increased 5 percent from the prior year’s revenues of $2 billion. Cliffs recorded net income of $199 million, compared to a net loss of $748 million in 2015.
