20
Aug
07:37
Chonggang returns to profit
Chongqing Iron & Steel's listed company, Chonggang, has released its semi-annual report on the Shanghai Stock Exchange. The company earned CNY 763 million ($111m) of profit in the first half of 2018, a sharp turnaround from its loss of CNY 999m a year earlier, Kallanish notes.
In H1 Chonggang achieved operating revenue of CNY 11.093 billion, an increase of 145.32% year-on-year. Its asset-liability ratio further decreased from 32.…
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Anonymous
Very good overview of the weekly steel market.
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