CSC forecasts better Q2 results than Q1
Post Date: 06 May 2011 Viewed: 467
China Steel Corporation's sales revenue in the first quarter totaled TWD 56.5 billion and the profit before tax was TWD 7.31 billion, which was better than market expected.
CSC forecasted that its order for the second quarter will rise to 2.88 million tonnes, up by 12% compared to that in the first one, and the profit will increase as well since its steel prices have been increased for April and May production.
Also, the company predicted that the profit will be TWD 15 billion for the first half of 2011.