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ArcelorMittal posts $10bn profit in 2007 ArcelorMittal, the world's largest steel company, today reported an annual net profit of $10.36 billion in 2007. The results represented a 30% increase from 2006 when the steelmaker posted a pro-forma net profit of $7.9 billion, the company said in a statement. The 2007 results marked the first full year following the merger of Arcelor and Mittal Steel in June 2006. "I am very proud of the way the two companies have integrated so successfully, building a steel company which is focussed on leading the transformation of our industry towards a sustainable future," said Lakshmi Mittal, president and CEO, ArcelorMittal. "Today's result clearly demonstrate the considerable progress that we are making in this regard," he added. Total return to ArcelorMittal shareholders was $4.4 billion in 2007 of which $1.8 billion was in cash dividends and $2.6 billion in share buy-backs, the statement said. "As per the company’s dividend policy of returning 30% of net income to shareholders, ArcelorMittal will return a total of $3.1 billion to shareholders in 2008 of which $2.1 billion will be in cash dividends and $1 billion in share buy-backs," the statement added. The company reported actual shipment of 109.7 million tonne in 2007 and sales of $105.216 billion.