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Delong's FY17 earnings surge more than 10 times to $433 mil on higher selling prices of steel coils

PC Lee
PC Lee • 2 min read
Delong's FY17 earnings surge more than 10 times to $433 mil on higher selling prices of steel coils
SINGAPORE (Feb 27): Delong Holdings reported FY17 earnings of RMB2.1 billion ($433 million), up 10 times from RMB213 million a year ago as average selling prices of hot rolled coil (HRC) soared.
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SINGAPORE (Feb 27): Delong Holdings reported FY17 earnings of RMB2.1 billion ($433 million), up 10 times from RMB213 million a year ago as average selling prices of hot rolled coil (HRC) soared.

This came after it reported 4Q17 earnings more than doubled to RMB327.3 million from a loss of RMB401.9 million a year ago.

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