Liuzhou Iron & Steel Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 13, 2020 at 03:29 pm IST
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Liuzhou Iron & Steel Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 23,003.405 million compared to CNY 22,877.773 million a year ago. Operating income was CNY 875.284 million compared to CNY 1,482.510 million a year ago. Net income was CNY 772.633 million compared to CNY 1,265.197 million a year ago. Basic earnings per share from continuing operations was CNY 0.3015 compared to CNY 0.4937 a year ago.
Liuzhou Iron & Steel Co Ltd is a China-based company mainly engaged in the production, processing and sales of steel products. The Company's products include cold-rolled coils, galvanized coils, hot-rolled coils, medium and thick plates, ribbed steel bars, high-speed wire rods, round bars, medium-sized bars, and others. The Company's products are widely used in automobiles, home appliances, petrochemicals, machinery manufacturing, energy and transportation, ships, bridges, construction, metal products, nuclear power, electronic instruments, medical equipment, kitchenware and sanitary ware, construction and decoration and other industries. The Company's products are exported to many countries and regions such as Southeast Asia, the United States, Europe and Africa.