17
Aug
05:47
Liugang profits surge in first half
The listed arm of Liuzhou Iron & Steel Group (Liugang) announced its first half 2018 report to the Shanghai Stock Exchange on 15 August. The company's attributable net profit was reported at CNY 2.04 billion ($295 million), up 416% y-o-y, Kallanish notes.
In H1 2018, Liugang's operating revenues increased by 18.3% y-o-y to CNY 22.58 billion, however, its operating costs only increased by 6.74% y-o-y to CNY 19.62 billion. The company explain…
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Very good overview of the weekly steel market.
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