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