Pangang Vanadium Titanium Reverses Losses in H1 2017 after Restructuring

Published: Aug 15, 2017 17:16

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Pangang Group Vanadium Titani & Resources Co. reversed losses in H1 2017 as its profitability strengthened following major asset restructuring in 2016.

SHANGHAI, Aug. 15 (SMM) – Pangang Group Vanadium Titanium & Resources Co. reversed losses in H1 2017 as its profitability strengthened following major asset restructuring in 2016.

Minmetals Rare Earth’s Net Profit Soars in H1 2017

Meanwhile, prices for vanadium and titani products rose in its report period, and its sales also rose a lot.

NdFeB Producers Suffer from Rising Rare Earth Prices and Oversupply

These allowed the company to report a net profit of 446 million yuan in H1 2017. The company reported 4.23 billion yuan in revenues in the same period, down 1.65 billion yuan or 28.09% from a year ago.

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Pangang Group Vanadium Titanium & Resources Co.

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