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Taigang Stainless sees H1 net profits slump by 50%~70%
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Taigang Stainless, the largest stainless producer in China released its sales report for the first half of this year.
The firm forecasted that its H1 net profit attributable to shareholders would be at RMB251.53 million~RMB419.21 million, slumping by 50%~70% in comparison of RMB838.42 million in the same period of a year earlier.
Taigang Stainless indicated that its net profits decreased substantially in the first half of this year due to weak demand and low steel prices.
Meanwhile, the firm announced to remain the export prices unchanged for September.
News Date
7/16/2012 7:24:43 AM
reported by
Kasim Xu
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