Reported 9 months ago
China Steel Corporation (CSC) announced a significant increase in their pre-tax earnings for the first five months, reaching 28.17 billion NT dollars, a 63.97% surge compared to the same period last year. This boost was attributed to rising steel sales prices, increased gross margins per unit, benefits from project contract changes, allocation of dividends from mining investments, favorable foreign exchange gains, and improved overall performance. The company remains optimistic about the steel market for the second half of the year and sees a better year overall compared to the previous year.
Source: YAHOO