26
Apr
04:44
Tang Eng returns to profit
Taiwan’s Tang Eng Iron Works again saw positive profit before tax (PBT) in the first quarter, after half a year of losses. This was despite its quarterly operating income dropping on a year-on-year basis, Kallanish notes.
March operating income was down 6.1% on-month and 28.6% on-year at TWD 1.14 billion ($37.14 million). This took first-quarter income to TWD 3.15 billion, nearly a quarter lower than a year earlier.
Quarterly PBT thus came to TWD 9.64m, end…
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Anonymous
Very good overview of the weekly steel market.
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