• 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

Chinalco reports net loss in 2014...
Finance and economy
27 Mar 2015 15:57
Ukraine's steel export values in Feb...
Finance and economy
27 Mar 2015 10:33
Deficit of steel trade between Latin America, Chin...
Finance and economy
27 Mar 2015 09:37
Cliffs Natural Resources sells chromite assets to ...
Finance and economy
26 Mar 2015 10:13
Russian MMK posts net loss for 2014...
Finance and economy
23 Mar 2015 09:51
Most Popular