Fushun Special Steel sees 90.21 percent rise in net profit in Q1

Tuesday, 30 April 2024 10:29:54 (GMT+3)   |   Shanghai
       

Liaoning Province-based Chinese steelmaker Fushun Special Steel (Special Steel) has announced that it has registered an operating revenue of RMB 2.071 billion ($0.3 billion) for the first three months this year, up 3.13 percent year on year, while posting a net profit of RMB 115 million ($16.2 million) for the given period, up 90.21 percent year on year.

In 2023, the company had achieved an operating revenue of RMB 8.575 billion ($1.2 billion), up 9.72 percent year on year, while posting a net profit of RMB 362 million ($51 million) for the year, up 84.43 percent year on year.

$1 = RMB 7.1063


Similar articles

China Shenhua Energy posts net profit of RMB 15.884 billion for Q1

07 May | Steel News

JISCO posts net loss of RMB 1.05 billion for 2023

30 Apr | Steel News

Baosteel sees 2% fall in net profit in 2023, output and sales to increase slightly in 2024

29 Apr | Steel News

Chinese steel enterprises’ gross loss totals RMB 21.36 billion in Q1

29 Apr | Steel News

Lingyuan Steel posts net loss of RMB 681 million for 2023

26 Apr | Steel News

Shanxi Coking posts lower net profit for Q1

23 Apr | Steel News

Shougang posts 41 percent decline in net profit in Q1

23 Apr | Steel News

Baogang Group’s operating revenue down 2.23 percent in 2023

19 Apr | Steel News

China’s Ansteel posts net loss of RMB 3.257 billion for 2023

29 Mar | Steel News

Chinese steel enterprises’ gross losses total RMB 14.61 billion in Jan-Feb

27 Mar | Steel News