News Column

Daye Special Steel H1 Net Up 19% to CNY132mn

August 21, 2014

SHENZHEN, August 21, SinoCast -- Daye Special Steel (SZSE: 000708) reaped net profit of CNY 132 million in the first half of 2014, up 18.69% year on year, with EPS of CNY 0.29. Operating revenue inched up by 1.33% to about CNY 3.81 billion. Output of steel and steel product each was 573,000 and 697,000 tons. Sales volume of steel products was 698,000 tons.

It mainly attributed low profit margin to a continuous industrial recession, a slowly industrial recover, and excess industrial capacity.

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

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