29
Jan
05:26
Chongqing Steel expects profit to soar
Chongqing Iron & Steel (Chonggang)’s listed company reported to the Shanghai Stock Exchange an attributable profit increase of 425-510% year-on-year in 2018. The main reasons for the improved performance are reduced production costs and higher production following the group's restructuring, Kallanish notes.
The net attributable profit of Chonggang's listed company in 2017 was around CNY 320 million ($47.52m), while…
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