22
Aug
05:42
Xining Special Steel first-half profit leaps
Xining Special Steel (Xigang)’s net profits are rocketing, according to the company’s semi-annual report. Meanwhile, its subsidiary Qinghai Xigang New Material’s debt risk has been eased by a capital increase, Kallanish notes.
During the first half year, Xigang generated operating revenue of CNY 4.39 billion ($620.86 million), up by 26.9% year-on-year. Its net profit leapt 365.05% y-o-y to CNY 58.47m, mainly as a result of selling ass…
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Anonymous
Very good overview of the weekly steel market.
Anonymous