24
Apr
04:08
CITIC Special sees profit decline accelerate
In the first quarter, China-listed CITIC Special Steel saw an acceleration in profit decline, despite its operating income rebounding, Kallanish learns.
Quarterly operating income reached CNY 27.97 billion ($4.05 billion), an increase of 13.8% year-on-year, better than the decline of 0.25% through 2022, according to an unaudited quarterly report issued on 22 April.
Net attributable profit decline, meanwhile, accelerated to 24.01% y-o-y at CNY 1.48 billion, versus…
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Anonymous
Very good overview of the weekly steel market.
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