Liuzhou Iron and Steel Group Company Limited announced on 16 January 2019 that net profit belonging to shareholders is expected to increase by 1.785 billion yuan to 2.088 billion yuan, increasing by 67.46% to 78.91% on year.
The announcement pointed out the reason for the increase is that the whole steel industry maintained a steady and positive development trend in 2018. What’s more, downstream demand, especially in the real estate sector, exceeded expectations, steel social inventories remained low for a long time, and fuel prices rose only a limited amount during the same period, which led to a steady improvement in corporate performance.
(To contact the reporter on this story: molly.shi@steelhome.cn or 86-21-50585358) |
