12
Aug
03:59
Fangda Carbon first-half profit decreases
Fangda New Material reported a -35% on-year drop in operating revenue in the first half year of 2019 to CNY 3.94 billion ($557.83 million), Kallanish notes.
Net attributable profit decreased by -54.27% to CNY 1.45 billion. The company attributes the weaker performance to declining prices of graphite electrodes as capacity in the sector is building rapidly.
In the first quarter operating revenue fell by -48.86% y-o-y to CNY 1.8 billion and net profit declined …
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Anonymous
Very good overview of the weekly steel market.
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