06
Sep
15:37
Pomina revises profit to loss
Vietnam's Pomina Steel adjusted its first-half performance from a profit to a loss after an audit. The steelmaker said the drop in the value of inventories due to falling steel prices was the reason for the loss, Kallanish notes.
The net income of Pomina Steel for the first six months reached VND 8.105 trillion ($4.44 million), a decrease of VND 48 billion compared to the company's previous independent report. Its cost of sales also increased during the pe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous