Yunhai Metal's profit fell 8.82% in 2017 from a year earlier

Published: Feb 26, 2018 16:01

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SMM2 26: recently, Yunhai Metal released 2017 results KuaiBao, 2017 company revenue of 4.9521848 billion yuan, compared with the same period last year 4.0480917 billion yuan increase of 22.33%; Operating profit was $164.6735 million, down 15.41% from $194.6697 million in the same period last year, and total profit was $188.1664 million, down 13.57% from $217.6978 million in the same period last year. The net profit belonging to the shareholders of listed companies was 154.3716 million yuan, down 8.82 per cent from 169.3022 million yuan in the same period last year. Operating profit was $164.6735 million, down 15.41% from $194.6697 million in the same period last year, and total profit was $188.1664 million, down 13.57% from $217.6978 million in the same period last year. The net profit attributable to shareholders of listed companies was 154.3716 million yuan, down 8.82 per cent from 169.3022 million yuan in the same period last year.

Although product sales increased during the reporting period, the increase in raw material prices during the reporting period was higher than the increase in product prices, offset by profits.

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