25
Oct
03:52
Hegang profits surge in first nine months
Hebei Iron & Steel's (Hegang) listed arm has published its third quarter performance report on the Shenzhen Stock Exchange. The steelmaker reports that Q1-Q3 sales revenue is up 47.0% year-on-year while net attributable profits surged 135.2% y-o-y, Kallanish notes.
Hegang reports a figure of CNY 2.195 billion ($330.76 million) in net attributable profits in the first nine months on sales revenues of CNY 86.91 billion. In Q3 alone Hega…
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Anonymous
Very good overview of the weekly steel market.
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