However, the increase in sales volume was partially offset by the cessation of Aoyu Steel’s operations in August 2017.
SINGAPORE (Nov 3): Delong Holdings announced that 3Q17 earnings increased more than fourfold to RMB 973.9 million ($200.3 million) from RMB 229.3 million a year ago.
Sales for the third quarter ended September were 44.7% up at RMB 3.67 billion as compared to RMB 2.53 billion in 3Q16, attributed to a significant increase in average selling prices of hot rolled coil (HRC) coupled with an increase in HRC sales volume driven by infrastructure and construction activities in China.
