News Column

Beijing Shougang H1 Earned CNY9.36mn

August 13, 2014

SHANGHAI, August 13, SinoCast -- Beijing Shougang posts that it made CNY 9.36 million net profits in the first half of the year, compared with losses in the period last year; it achieved CNY 0.0018 earnings per share.

The company gained CNY 12.66 billion incomes in the first six months, down 9.63% year on year; the figure accounted for 44.06% of full-year target. The income decline was attributed to year-on-year steel product price decrease.

The company shows that it produced 3.82 million tons of iron, 3.79 million tons of steel and 3.61 million tons of steel products in the first half.

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Source: Sinocast Metals, Mining & Chemicals Beat (China)

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