The stainless steel division performed particularly strongly
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The German industrial conglomerate and steel specialist ThyssenKrupp has reported record annual results.
Pre-tax profits rose 27% to 3.33bn euros ($4.88bn; £2.37bn) in the year to the end of September.
Strong global steel demand helped profits at its stainless steel division rise by 84% to 777m euros.
ThyssenKrupp predicts that in the current year its profits will decline slightly, although they will remain above 3bn euros.
The record profit figure came even though ThyssenKrupp had to pay a 480m-euro fine after its elevator division violated European Union cartel regulations.
The EU ruled in February that ThyssenKrupp, together with Otis of the US, Kone of Finland and the Swiss firm Schindler, had fixed prices, rigged bids and allocated projects between 1995 and 2004.
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