CSC reports pre-tax profit of $1 billion
Taiwanese steel mill
China Steel Corporation (
CSC) has reported a pre-tax income of NTD34 billion ($1 billion) in the first nine months of 2003. The figure, which is three times higher than the figure recorded in the same period last year, indicates that the company has achieved 93% of its annual earning target in the first nine months of 2003.
Furthermore, the revenue for the same period has increased by 32% and reached up to NTD96.2 billion ($2.84 billion), which equates to 84.9% of annual target. As for the volume of
production, the company produced 7.69 million tons year-to-date, which corresponds to 79.9% of the annual target.