26
Aug
07:53
HBIS first-half profit slumps despite second-quarter recovery
Northern China's Hebei Iron & Steel (HBIS) reported lower on-year revenue and profit in the first half of 2020, Kallanish notes from its stock exchange filing.
HBIS saw H1 operating revenue decline by -19.16% year-on-year to CNY 50.44 billion ($7.32 billion), and net profit attributable to shareholders dropped by -40.7% to CNY 692.91 million. Given the operating income of CNY 23.6 billion and attributable profit of CNY 229m in the first quarter, …
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Anonymous
Very good overview of the weekly steel market.
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