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05 Feb
07:09

CSC 2016 pre-tax profits increase as sales grows

China Steel Corporation (CSC) in Taiwan says its pre-tax profits have increased 137% in 2016. Information published  by CSC shows this is mainly because of the soaring price of steel products, Kallanish notes. CSC's 2016 pre-tax profits hit TWD 21.9 billion ($701.78 million) last year, following growth in sales and operating revenue. The company's year-on-year increase in sales volumes was far smaller however at 16.9%. The steelmaker sold …
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