Xining Special Steel's 2003 net profit slumps 20.31% yoy blaming input pricing pressures.

China Business News | April 9, 2004 | Copyright

Xining Special Steel's 2003 net profit slumps 20.31% yoy blaming input pricing pressures

Shanghai. April 9. INTERFAX-CHINA - Shanghai-listed Xining Special Steel Co. Ltd. (XSS) achieved a total net profit of RMB 90.6053 mln (USD 10.95 mln) in 2003, a slump of 20.31% compared to 2002, according to the company's annul report released today, blaming input pricing pressures of its poor performance.

XSS's operating profits fell 16.51% year-on-year to RMB 106.98 mln (USD 12.92 mln), with the company attributing the drop in its yearly results to soaring raw ...

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