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Home / Metal News / Pangang Vanadium Titanium Reverses Losses in H1 2017 after Restructuring 

Pangang Vanadium Titanium Reverses Losses in H1 2017 after Restructuring 

iconAug 15, 2017 17:16
Source:SMM
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. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

Pangang Group Vanadium Titanium & Resources Co.

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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