01
May
05:22
Hebei Xuangong sees profit recover in first quarter
Hebei Xuanhua Construction Machinery Company (Hebei Xuangong), part of the HBIS Group, saw profits fall in 2018. However at the beginning of 2019, due to the rising price of iron ore, profits have rebounded, Kallanish notes.
According to Hebei Xuangong’s annual 2018 report, its operating revenue slumped by -7.95% to CNY 4.97 billion ($738.35 million). Its net attributable profit also fell, by -44.3% to CNY 134m. The drop was in part due to a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous