27
Oct
11:22
Nam Kim profits grow on expanding volumes
Vietnam’s Nam Kim Steel has seen profits and revenues surge in the third quarter. The company is also taking on more debt however as it plans new capacity expansions, Kallanish notes.
In Q3 Nam Kim saw net profits grow 40% year-on-year to VND 206 billion ($9 million), while revenues were up VND 52% to VND 3.81 trillion. A source of concern however was a more than doubling of the company’s interest payments, which surged to VND 70 billion in Q3 from V…
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Anonymous
Very good overview of the weekly steel market.
Anonymous