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Last Updated : 02 September 2009 at 17:30 IST

Taiyuan Iron sets-out H1 net profit at CNY 680 million

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Commodity Online
Chinese steel major Taiyuan Iron & Steel or TISCO has announced that it had released its 1st half report wherein it attained the assets profit of CNY 3.384 share in the 1st half of 2009 decreasing by 6.10% on an annual basis.
Taiyuan Iron & Steel (TISCO) has been China's largest stainless steel producer.

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The net profit owned by the shareholders of the enterprise is CNY 680.90 million which slide down by 131.66% whereas the financial target as anticipated during the period express that it gained the profit of CNY 0.1195/ share which again decreased by 128.92% on a yearly basis.

Its net assets profit rate also decreased by 3.53% in the quarter and by 15.45% YoY.