01
Nov
07:11
CITIC Pacific profits slip in third quarter
China-listed CITIC Pacific Special Steel’s third-quarter operating income accelerated on a year-on-year basis, but its quarterly profit slipped and dragged down the decline of the year-to-date figure further, Kallanish notes.
Quarterly operating income rose 18.58% on-year to CNY 28.09 billion ($3.84 billion), but profits declined 24.45% to CNY 1.33 billion. Profits over Q3 were down 14.49% from Q2, which is now also the lowest quarterly figure this year.
Fo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous