Baotou Steel Union Profit Up 66.22 Pct -Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Futures movement
  • Silicon
  • Inventory data
  • Copper
  • Prebaked anode
  • Lead
  • NEV
  • Evening comments
  • Nickel
  • MMi Iron Ore Port Index
  • New Energy Vehicle
  • Production data
  • Market commentary

Baotou Steel Union Profit Up 66.22 Pct

Data Analysis 03:30:16PM Feb 29, 2012 Source:SMM

BEIJING, Feb. 29 (Xinhua) -- Inner Mongolia Baotou Steel Union Co. Ltd, a listed subsidiary of steel giant Baogang Group, said Wednesday its net profits in 2011 surged 66.22 percent to 496 million yuan (78.83 million U.S. dollars).

The company's revenues hit 42.82 billion yuan in 2011, an increase of 6.8 percent year-on-year, according to a statement filed to the Shanghai Stock Exchange.

Earnings per share stood at 0.08 yuan, the statement said.

The company produced 9.76 million tons of iron and 10.21 million tons of steel last year, with investments in fixed assets totaling 4.55 billion yuan, according to the statement.

Boosted by the news, the company's shares rose 1.15 percent in the morning session to 5.29 yuan at midday.
 

Price

more
#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

Baotou Steel Union Profit Up 66.22 Pct

Data Analysis 03:30:16PM Feb 29, 2012 Source:SMM

BEIJING, Feb. 29 (Xinhua) -- Inner Mongolia Baotou Steel Union Co. Ltd, a listed subsidiary of steel giant Baogang Group, said Wednesday its net profits in 2011 surged 66.22 percent to 496 million yuan (78.83 million U.S. dollars).

The company's revenues hit 42.82 billion yuan in 2011, an increase of 6.8 percent year-on-year, according to a statement filed to the Shanghai Stock Exchange.

Earnings per share stood at 0.08 yuan, the statement said.

The company produced 9.76 million tons of iron and 10.21 million tons of steel last year, with investments in fixed assets totaling 4.55 billion yuan, according to the statement.

Boosted by the news, the company's shares rose 1.15 percent in the morning session to 5.29 yuan at midday.