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Article: ANYANG IRON & STEEL REPORTS 08 NET DOWN 89.38%
- Article from:
- AsiaInfo Services
- Article date:
- March 2, 2009
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AsiaInfo Services
03-02-2009
Anyang Iron & Steel Reports 08 Net Down 89.38%
ANYANG, Mar 02, 2009 (SinoCast Daily Business Beat via COMTEX) -- Anyang Iron & Steel, Inc. (SHSE: 600569), a pillar steel maker in Henan Province, central China, reports profits and net profits for 2008 just reached CNY 155.546 million and CNY 123.697 million, down 87.9% and 89.38% year on year, due to global financial crisis.
The company gained operating revenue of CNY 37.1 billion, up 42.62%, but the cost also grew. The basic earnings per share just were CNY 0.05 while the fully diluted net assets per share were CNY 4.31.
The iron and steel market in China saw dramatic change last year. The supply was ...