01
May
08:13
Nangang first-quarter profit falls but still outperforms peers
Nanjing Iron & Steel (Nangang) released its first-quarter report on 29 April. Although profit has fallen, the decline was smaller than for its peers thanks to stronger margins, Kallanish notes.
Nangang posted operating revenue of CNY 11.82 billion ($1.75 billion) in Q1 2019, up by 13.9% year-on-year. Its net attributable profit meanwhile dropped by -17% y-o-y to CNY 837 million. Although net profit declined, its sales margin was 7.08…
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Anonymous
Very good overview of the weekly steel market.
Anonymous