Xining Special Steel turns losses into gains in H1
2017-08-17 11:55:34 [Print]
Xining Special Steel disclosed the semi-annual report on August 15 that the company achieved operating income of RMB2.642 billion in H1 of 2017, down by 26.03% YOY; net profit attributable to shareholders of listed companies was about RMB10.86 million, turning losses into gains compared with losses of RMB360 million during the same period of last year. In terms of production, steel output reached 601,100t from January to June 2017, up by 11.58% YOY; iron ore fines output reached 509,600t, up by 44.87% YOY: coke output was 285,600t, up by 0.71% YOY.
The company claimed that they have achieved profitability in H1 of 2017 mainly benefited from optimized product structure, improved service, strict cost control and related policies like national capacity removal, the structural reform of supply front, etc.
The company claimed that they have achieved profitability in H1 of 2017 mainly benefited from optimized product structure, improved service, strict cost control and related policies like national capacity removal, the structural reform of supply front, etc.
