UPDATE 3-JFE profit falls, stock down on lack of forecast

Newswire

(Changes headline, adds capital spending programme) By Yuko Inoue TOKYO, April 24 (Reuters) - JFE Holdings Inc , the world's third-biggest steelmaker, booked a 2 percent drop in annual profit and delayed issuing a forecast, saying price talks with clients have virtually stalled after an unexpected 240 percent jump in coal prices. The lack of a forecast for the current year to March 2009 triggered a slide of nearly 4 percent in JFE's stock after the announcement. "The stock fell as ...

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