19
Mar
02:05
Valin's 2019 net profit falls more than expected
Valin Steel, the biggest state-owned steelmaker in Hunan Province, saw net profit decline in 2019 more than it had previously estimated, Kallanish notes.
Operating revenue reported a year-on-year increase of 5.84% to CNY 107.1 billion ($15.2 billion). Net attributable profit fell by -40.48% y-o-y to CNY 4.39 billion. Meanwhile, the company also decided to distribute cash dividends with total value of CNY 1.53 billion. Its profit was mainly squeezed by the high cos…
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Anonymous
Very good overview of the weekly steel market.
Anonymous