October 11, 2008

CSC net income during H1 up by 88% YoY

It is reported that Taiwan's largest steelmaker China Steel Corporation posted an 89% increase in profits for during January to June 2007 period. CSC said that its net income rose to TWD 26.2 billion (USD 793 million) up by 88% YoY as compared with TWD 13.9 billion in January to June 2006 period. Sales climbed by 25% YoY to TWD 100.2 billion.

As per derived figures, CSC posted a 57% YoY increase in profit for April to June 2007 period as its net income rose to TWD 13.1 billion as compared with TWD 8.37 billion in April to June 2006. Its April to June 2007 quarter sale rose by 21% YoY to TWD 51.1 billion.