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Article: ANYANG IRON & STEEL TURNED TO RED IN H1
- Article from:
- AsiaInfo Services
- Article date:
- August 28, 2009
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AsiaInfo Services
08-28-2009
Anyang Iron & Steel Turned to Red in H1
ANYANG, Aug 28, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chinese steelmaker Anyang Iron & Steel, Inc. (SHSE: 600569) reaped net profit of negative CNY 381.8633 million in the first half of 2009, compared with CNY 579.669 million a year earlier.
The whole iron and steel industry did not perform well amid the global financial crisis. The domestic demand slumped, the sales plunged, and steel prices declined drastically.
The Shanghai-listed steelmaker reaped operating revenue of CNY 10.502 billion, operating profit of minus CNY 497.6815 million, and total profit of negative CNY 493.3382 million. Basic earnings ...