Nanjing Iron & Steel's Attributable Profit Jumps 19% in H1; Shares Rise 6%

MT Newswires Live08-20

Nanjing Iron & Steel's (SHA:600282) attributable profit rose 19% to 1.46 billion yuan in the first half from 1.23 billion yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.

Earnings per share at the iron and steel producer grew 19% to 0.2373 yuan from 0.20 yuan in the prior-year period.

Operating income decreased 14% to 28.9 billion yuan from 33.7 billion yuan in the year-ago period.

Shares jumped 6% during late morning trading on Wednesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment