Fangda Special Steel's net profit up by 172.18% YOY in H1 of 2017
2017-08-22 17:42:47 [Print]
Fangda Special Steel revealed on 18 August in the semi-annual report that they produced 1.5528 million tons of iron, 1.8023 million tons of steel, 1.8349 million tons of steel products and 92,400t of mobile plate spring in H1 of this year, up by 5.25%, 7.59%, 8.53% and 36.5% YOY respectively. The company achieved RMB6271.7057 million with the net profit attributable to shareholders being RMB704.5549 million and EPS being RMB0.53, up by 65.37%, 172.18% and 165% YOY respectively.
The company noted that they kept profitability in H1 as steel prices stood high affected by national policies on supply and demand. Meanwhile, they took the opportunity to strengthen internal management and increase operating benefit to improve business performance.
The company is an iron & steel company focused on mining, smelting, sintering, iron mking, steel making and steel rolling; their main products are rebar, flat spring steel, mobile plate spring and iron ore fine.
The company noted that they kept profitability in H1 as steel prices stood high affected by national policies on supply and demand. Meanwhile, they took the opportunity to strengthen internal management and increase operating benefit to improve business performance.
The company is an iron & steel company focused on mining, smelting, sintering, iron mking, steel making and steel rolling; their main products are rebar, flat spring steel, mobile plate spring and iron ore fine.
