Maanshan Steel doubles net profit in H1

Friday, 15 August 2008 10:41:38 (GMT+3)   |  
       

SteelOrbis Shanghai

In the first half of the current year, eastern China's Anhui province-based Maanshan Iron and Steel Co., Ltd achieved nearly 80 percent growth in its prime operating revenue, as well as an increase in its net profit of over 100 percent. Meanwhile, its earnings per share (EPS) reached RMB 0.335 ($0.049) for the same period.

During the first six months of 2008, the company's operating revenue amounted to RMB 37.725 billion ($5.5 billion), up 79.36 percent year on year; meanwhile, its net profit came to RMB 2.261 billion ($330 million), registering a growth of 103.52 percent compared to the corresponding period of the previous year.


Similar articles

Cautious response to HDG offers in southern Europe

30 Nov | Flats and Slab

Nippon Steel eyes Asian infrastructure projects

27 Nov | Steel News

China’s HDG market sees low inventories in some regions

26 Nov | Flats and Slab

China’s medium plate market sees slight rise

25 Nov | Flats and Slab

Will Chinese HRC export pressure on the Indian market continue to ease?

24 Nov | Flats and Slab

Chinese common alloys market registers a minor rise

17 Nov | Scrap & Raw Materials

US economy still at risk of “W”-shaped recovery

16 Nov | Steel Matters

HRC prices in India finally decrease in response to Chinese offers

16 Nov | Flats and Slab

Chinese ferromolybdenum market sees price stability and weak trading

16 Nov | Scrap & Raw Materials

Chinese hot rolled market moves up on fluctuating trend

10 Nov | Flats and Slab