Liuzhou Iron & Steel Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 09:04 pm IST
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Liuzhou Iron & Steel Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 22,962.47 million compared to CNY 17,609.31 million a year ago. Revenue was CNY 22,962.47 million compared to CNY 17,609.31 million a year ago. Net loss was CNY 511.81 million compared to net income of CNY 663.65 million a year ago. Basic loss per share from continuing operations was CNY 0.2 compared to basic earnings per share from continuing operations of CNY 0.26 a year ago. Diluted loss per share from continuing operations was CNY 0.2 compared to diluted earnings per share from continuing operations of CNY 0.26 a year ago.
LIUZHOU IRON&STEEL CO., LTD is a China-based company principally engaged in the manufacture, processing and distribution of iron and steel products. The Company mainly provides medium plates, small profiles, medium profiles, steel billets and others. The Company's products consist of ordinary steel billets, ship building plates, ordinary steel plates, alloyed steel billets, bars, wire rods and others. The Company also provides chemical products and coke oven gas. The Company distributes its products in domestic market and to overseas markets.