Home / Business / Companies

Baotou Steel's rare earths profit to drop 50%

By Zheng Yangpeng | | Updated: 2013-01-30 15:27

Baotou Steel Rare-Earths (Group) Hi-Tech Co's net profit in 2012 is expected to decline about 50 to 60 percent, according to a preliminary financial report the company issued on Tuesday.

The exact figure will be released in the company's final annual report.

Rising material costs, dropping rare earths prices, and declining turnover contributed to the profit decline, the company said.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349