Taigang Stainless Q3 net profit up by 77pct YoY
Monday, 09 Nov 2009
According to the third quarter report issued by Chinese stainless steel producer Shanxi based Taigang Stainless Steel, the company's net profit reached CNY 716 million in the period, up by 72.66% YoY and up by 3,154.55% QoQ.
Taigang Stainless Steel registered a loss of CNY 714 million in the first quarter, but then achieved a net profit of CNY 22 million in the second quarter as a result of the recovery of steel prices and product structure adjustment.
(Sourced from SteelOrbis)
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