26
Oct
10:19
Shanxi Coking Coal’s profit falls faster in Q3
In the third quarter of 2023, China-listed Shanxi Coking Coal Energy Group saw its income and profit decline accelerate. This in turn dragged the year-on-year decline of year-to-date figures lower, Kallanish notes.
In Q3, the company saw operating income of CNY 13.14 billion ($1.8 billion), down 16.68% from a year earlier. Meanwhile, its attributable net profit slumped 61.91% to CNY 1.12 billion.
For the first nine months of the year, the company’s operati…
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Anonymous
Very good overview of the weekly steel market.
Anonymous