Aug 19 (Reuters) - Arrium Ltd ARI.AX :
* Arrium Limited full year results 2015 ARI.AX
* Total revenue from ordinary activities A$6.09 billion versus A$ 7 billion
* FY underlying net loss after tax of $7 million down from an underlying net profit after tax (npat) of $296 million
* Says earnings in the first half are expected to benefit from improvements to key drivers
* Says board determined not to declare a dividend for the year ended 30 June 2015
* Lagged impact of decrease in Asian steel prices and margins in Q4 of FY 2015 will impact H1 FY 2016 earnings, particularly in first quarter
* Says Arrium group underlying earnings for FY 2016 are expected to benefit from volume growth in mining consumables
* Says Arrium mining - re-design to lower FY 2016 cash breakeven price to us$47/dmt
* Says are targeting additional annualised group cost reductions of at least $60 million in FY 2016
* Says in mining, we expect demand for seaborne iron ore to remain strong, but for FY 2016 prices to remain under pressure
* Source text for Eikon ID:nASXbm9hxr