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03 Sep
22:30

Angang's profits shrink in first half

Chinese steelmaker Angang’s listed company saw its net attributable profit plunge as operating income flattened in the first half of 2019, according to its half-year report monitored by Kallanish. The listed company achieved an operating income of CNY 51.07 billion ($7.14 billion) in the first half of 2019, a year-on-year increase of 0.42%. However, net attributable profit was CNY 1.43 billion during the reporting period, down by -67.9%…
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