28
Apr
09:09
HBIS Resources unveils falling Q1 profit from record high
China-listed HBIS Resources has unveiled declines in its first quarter income and profit due to lower iron ore prices compared to a year ago, following its record high annual profit last year, Kallanish learns from the company’s exchange filings.
In Q1, the company’s operating income and net profit stood at CNY 1.58 billion ($239m) and CNY 286.93 million, dropping 19.29% and 35.7% year-on-year, respectively.
For the full year 2022, HBIS Reso…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous