Bloomberg reported that SKW Stahl Metallurgie Holding AG had a record gain in Frankfurt trading after reporting higher second quarter profit.

As per report SKW jumped by EUR 3.53 or 20%to EUR 21.20 the steepest increase since its initial public offering in December 2006.

SKW in a statement said that EBITDA climbed to EUR 9.5 million from EUR 5.2 million a year earlier and sales advanced by 83% to EUR 102.3 million.