• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

Hebei Iron & Steel’s Q1 sales revenues down by 10.76% y-o-y

  • A
  • A
  • A
Reportedly, Chinese Hebei Iron & Steel released its Q1 financial report recently.

In the first quarter of this year, the company realized sales revenues of RMB29.1 billion, decreasing by 10.76% year on year. Its net profit attributable to shareholders was at RMB400 million, declining by 35% from RMB556 million in a quarter ago.

Hebei Iron & Steel stated that the slumped net profit was caused by the weak steel prices and high raw material prices in the Q1.

Meanwhile, the company also reported its financial report for 2011. It realized sales revenues of RMB133.3 billion in 2011, rising by 12% year on year.
News Date 30 Apr 2012 13:20:53 reported by Ruth Wang

Taiwan’s CSC post 614% jump in H1 pre-tax income...
Finance and economy
21 Feb 2017 10:05
Bluescope Steel announces its profits rise signifi...
Finance and economy
20 Feb 2017 11:12
ArcelorMittal’s South American company to improve ...
Finance and economy
17 Feb 2017 12:04
Hyundai Steel announces its 2016 net profits up ...
Finance and economy
15 Feb 2017 11:57
Chinese steel exports hit a record low in Jan 2017...
Finance and economy
13 Feb 2017 14:42
Most Popular