Chongqing Steel sees falling net profit in 2010
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Tuesday, 29 Mar 2011
It is reported that Chongqing Iron & Steel Co Ltd achieved net profit of CNY 10 million down by 89.03%YoY. Chongqing Steel actualized business revenue of some CNY 16.62 billion up by 53.06%YoY. The profit of each share earned CNY 0.006 decreasing by 88% from the last year.
In 2010, Chongqing Steel respectively produced coke, pig iron, crude steel, finished steel of 2.07 million tonnes, 4.17 million tonnes, 4.52 million tonnes, 4.05 million tonnes in total up by 53.41%, 41.85%, 40.21% and 34.97%.
(Sourced from MySteel.net)
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