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Article: FUSHUN SPECIAL STEEL SAW Q1 NET DOWN 38.91%
- Article from:
- AsiaInfo Services
- Article date:
- April 21, 2009
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AsiaInfo Services
04-21-2009
Fushun Special Steel Saw Q1 Net Down 38.91%
FUSHUN, Apr 21, 2009 (SinoCast Daily Business Beat via COMTEX) -- Fushun Special Steel Co., Ltd. (SHSE: 600399), a listed arm of Dongbei Special Steel Group, reports that its net profits for the first quarter of 2009 just reach CNY 3.9656 million, plunging 38.91% from a year earlier.
The company says that the basic earnings per share in Q1 were CNY 0.008 while the net assets per share were CNY 3.1. The return on equity just stood at 0.25%.
In the reporting period, the prices of raw materials decreased sharply from those at the same period in 2008 and thus the product prices of the listed company also plummeted. ...