Fushun Special Steel posts increased net profit for first half

Tuesday, 02 September 2014 10:54:28 (GMT+3)   |   Shanghai

Liaoning Province-based Chinese steelmaker Fushun Special Steel Co., a subsidiary of Dongbei Special Steel Group, has issued its financial results for the first half of this year, announcing an operating revenue of RMB 2.813 billion ($0.457 billion), up 1.49 percent year on year, and a net profit of RMB 14.48 million ($2.35 million), up 28.78 percent year on year.

In the given period, Fushun Special Steel produced 348,900 mt of crude steel and 287,200 mt of finished steel, almost stable compared to the outputs recorded in the same period of last year.

Similar articles

CISA: Gross profit of Chinese steel industry up 151.15 percent in H1

China's PPI down 5.9 percent in August

MOC: Average finished steel price in China down 0.9 percent

MOC: Average finished steel price in China up 1.3 percent

China's PPI down 5.4 percent in July

MOC: Average finished steel price in China up 0.4 percent

MOC: Average finished steel price in China down one percent

Taigang Stainless Steel sees 15.4 percent rise in net profit in H1

Hongxing Steel’s operating revenue rises by 21.9 percent in H1

Wuhan Steel sees 7.1 percent fall in net profit in H1