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Xining Special Steel Announced H1 Result

Steel News - Published on Fri, 23 Aug 2019

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Xining Special Steel said that its revenue in the first half of the year was 4.388 billion yuan, up 29.6% from a year earlier, and net profit was 58.4685 million yuan, up 365.05% from a year earlier, according to a semi-annual report released by Xining Special Steel on the evening of Aug. 20.

According to the semi-annual report, in the first half of this year, Xining Special Steel increased production and efficiency significantly, producing 831500 tonnes of steel, an increase of 14.55% over the same period last year, and selling 866000 tons of steel, an increase of 20.58% over the same period last year, reaching the best level in history.

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Posted By : Ratan Singh on Fri, 23 Aug 2019
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