22
Oct
04:47
Tisco Stainless sees falling profit in third quarter
China’s Taiyuan Iron & Steel (Tisco) has released its third quarter financial report. It saw increasing operating revenue but falling net profit compared to last year, Kallanish notes.
During the third quarter of 2019, Tisco reported operating revenue of CNY 18.6 billion ($ 2.63 billion), an increase of just 1.73% year-on-year. Net profit however fell by -45.4% to CNY 661 million.
According to the report, the net profit/tonne of …
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