China Steel Corp , the nation’s only integrated steelmaker, last week reported that its pretax profit last month rose 233.81 percent from a year earlier, as revenue increased 51.4 percent year-on-year. The firm last month posted consolidated pretax profit of NT$7.87 billion (US$284 million), operating profit of NT$8.09 billion and consolidated revenue of NT$45.28 billion, .
China Steel Corp (中鋼), the nation’s only integrated steelmaker, last week reported that its pretax profit last month rose 233.81 percent from a year earlier, as revenue increased 51.4 percent year-on-year.
The firm last month posted consolidated pretax profit of NT$7.87 billion (US$284 million), operating profit of NT$8.09 billion and consolidated revenue of NT$45.28 billion, up from NT$2.36 billion, NT$2.08 billion and NT$29.91 billion respectively a year earlier.
However, on a monthly basis, China Steel’s pretax profit fell 9.03 percent from NT$8.65 billion.
“Although China Steel’s revenue grew in November, its pretax profit declined mainly due to a decrease in operating margin, which