Sunday, 20 Feb 2011
It is reported that Fangda Special Steel Technology Co Ltd. achieved operating income of CNY 12.16 billion up by 10.97%YoY in 2010. The net profit of its holding company at CNY 300 million was up 818.18%YoY and earnings per share hit CNY 0.23.
In 2010, the company produced pig iron 2.35 million tonnes rising by 1.56%YoY, crude steel 2.57 million tonnes up by 1.85%YoY, finished steel of 2.56 million tonnes up by 2.71%YoY respectively.
In 2011, the company production and operating target is to realize sales revenues of CNY 1.2 billion as well as to yield out pig iron, crude steel and finished steel of 2.28 million, 2.52 million, 2.6 million tones respectively.
(Sourced from MySteel.net for real time access to China steel news!)
Sunday, February 20, 2011
Fangda Special Steel records 819pct growth in 2010 operating profit
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