31
Jan
15:49
GEM earnings miss expectations in Q4
GEM has released its 2021 annual earnings estimate, in which it reports an on-year increase of 110%-140%, which is lower than market expectations.
On 27 January, GEM announced that its 2021 net profit reached CNY 866-990 million ($136.13-155.62m). The annual net profit after deduction was CNY 656-800m, an on-year increase of 87.18 %-128.18%, Kallanish notes.
GEM attributed the increase in annual net profit to its expansion on precursor production in the announc…
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Anonymous
Very good overview of the weekly steel market.
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