25
Oct
04:38
Improved production boosts Jiugang Hongxing profit
Gansu Jiugang Group Hongxing Steel's listed company has announced increased profit with higher production and sales in the first three quarters of 2019, Kallanish notes.
In January-September the company achieved a 16.7% year-on-year increase in net attributable profit to CNY 1.25 billion ($177 million), while revenue dropped by -6.07% y-o-y to CNY 35.89 billion.
Declining steel prices drove the decrease in revenue, but the company…
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Anonymous
Very good overview of the weekly steel market.
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