30
Jan
06:23
Jianlong Group predicts lower net profits in 2019
At its summary meeting for 2018 held by Jianlong Group on 25 January, the group reported that output and profits had both increased for the year. However, Jianlong expects net profit in 2019 to fall by -14.2%, Kallanish notes.
Jianlong hiked its net profits by 101% year-on-year to CNY 7.996 billion ($1.187 billion) in 2018, and crude steel output increased by 38% to 27.88mt.
In addition to a rise in selling prices, a decline in operating …
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Anonymous
Very good overview of the weekly steel market.
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