During the quarter, the group sold 1,130,200 tonnes of HRC and 33 tonnes of steel billets as compared to 1,038,809 tonnes of HRC and 346 tonnes of steel billets in 2Q16. Overall sales quantity increased by 91,078 tonnes or 8.8%.
SINGAPORE (Aug 8): Delong Holdings reported a 33.7% rise in 2Q17 earnings to RMB380.8 million ($77.3 million) from RMB 284.8 million a year ago.
In 2Q17, sales rose 25.8% to RMB2.6 billion from RMB2.1 billion a year ago due to a significant increase in average selling prices of hot rolled coil (HRC) coupled with an increase in sales volume of HRC driven by infrastructure and construction activities in China.
