29
Aug
07:03
Bengang Plates' profits decrease despite higher revenue
The listed arm of northern China's Benxi Iron & Steel, Bengang Steel Plates, saw a slight increase of 2.82% and 6.07% year-on-year in its operating revenue and operating costs in the first half of this year, reaching CNY 24.1 billion ($3.37 billion) and CNY 22.1 billion respectively.
The company's net profits declined 36.36% year-on-year to CNY 461.34 million, Kallanish notes. Although the company did not explain the reasons for the decline…
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