Monday, 16 August 2010

Jinan Steel earned RMB205.35 million net profit in the first Six months

Maritime News
August 16, 2010 23:34
Vous vous êtes abonné avec ces courriels.
Sinon activez ce lien:
?code=9c8125c1efbb5ead09898213bc5d01fd&addr=worldshippingnews.abcd123%40blogger.com&

Jinan Steel earned RMB205.35 million net profit in the first Six months

Jinan Iron and Steel Co Ltd announced that it has returned to profit by achieving a net profit of RMB 205.35 million in the first half of this year, sources reported.

Earnings per share were 6.58 RMB cents, according to the company’s
interim report.

The firm’s operating revenue increased 32.09% year on year to RMB 15.96
billion in the first half.? Revenue generated from its steel sheet
business amounted to RMB 6.67 billion, a 13.46% increase year on year.

The company attributes the increase to market recovery and sales
increase, as well as price hike of its products.

The financial expenses surged 213.4% year on year to RMB 259.1 million
in the same period.

The company has total assets of RMB 31 billion as of end June, up 6.97%
from the end of 2009.

Source: China Knowledge

No comments:

Post a Comment