02
Mar
03:29
Shanghai Stock Exchange questions Fangda Special dividends
Fangda Special Steel released its 2019 annual report on 27 February. The Shanghai Stock Exchange meanwhile has asked the company to clarify why is was offering high dividends and issuing new shares when its profits were slumping, Kallanish notes.
During 2019, Fangda Special saw operating revenue decline by -11.0% year-on-year to CNY 15.39 billion ($2.21 billion). The net attributable profit fell by -41.5% y-o-y to CNY 1.71 billion. The company …
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Very good overview of the weekly steel market.
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