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10 Jul
06:40

Hunan Valin estimates best H1 earnings since 1999

The listed company of Central China’s Hunan Valin Iron & Steel has published its earnings forecast for January to June, predicting the best performance since it listed in 1999. A positive first-half-of-2017 report puts the company on track to avoid delisting after two years of losses, Kallanish notes. Valin expects to report CNY 1.1 billion-1.3 billion ($161.78 million-191.19m) in net profits and CNY 900m-1 billion in net profit attributable …
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