Liuzhou Iron & Steel Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 21, 2020 at 05:09 am EDT
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Liuzhou Iron & Steel Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 10,687.038 million compared to CNY 10,260.744 million a year ago. Operating income was CNY 193.259 million compared to CNY 445.696 million a year ago. Net income was CNY 164.426 million compared to CNY 383.701 million a year ago. Basic earnings per share from continuing operations was CNY 0.0642 compared to CNY 0.1497 a year ago.
Liuzhou Iron & Steel Co Ltd is a China-based company mainly engaged in the production, processing and sales of steel products. The Company's products include cold-rolled coils, galvanized coils, hot-rolled coils, medium and thick plates, ribbed steel bars, high-speed wire rods, round bars, medium-sized bars, and others. The Company's products are widely used in automobiles, home appliances, petrochemicals, machinery manufacturing, energy and transportation, ships, bridges, construction, metal products, nuclear power, electronic instruments, medical equipment, kitchenware and sanitary ware, construction and decoration and other industries. The Company's products are exported to many countries and regions such as Southeast Asia, the United States, Europe and Africa.