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Pangang Vanadium & Titanium’s operating revenue up 6% in Q3

Monday, 21 October 2013 14:16:01 (GMT+3)   |   Shanghai
       

Sichuan Province-based Chinese steelmaker Pangang Group Steel Vanadium & Titanium Co. has announced its financial results for the third quarter of the current year.

Accordingly, in the third quarter Pangang Group Steel Vanadium & Titanium achieved an operating revenue of RMB 3.762 billion ($0.62 billion), up 6.05 percent, while its net profit increased by 7.39 times to RMB 263 million ($43.16 million), both year on year.

Meanwhile, in the January-September period this year Pangang Vanadium & Titanium's operating revenue and net profit amounted to RMB 11.619 billion ($1.91 billion) and RMB 607 million ($99.6 million), down by 1.97 percent and 20.11 percent year on year, respectively.


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