10
Feb
02:45
Yicheng New Energy anticipates fall in profit
Henan Yicheng New Energy Company has announced its earnings forecast for 2019. The company is expecting to report a slump in profits, Kallanish notes.
Net attributable profit is estimated to be CNY 550-750 million ($78.57-107.14m), a reduction of -56.6% to -68.2% year-on-year. Yicheng intends to improve profitability by having acquired Kaifeng Carbon from Pingmei Shenma Group, a company specialising in producing needle coke and graphite electrodes. The transa…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous