Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Energy & Commodities
 Search News  Or
Baotou Steel Rare-Earth's 2011 net profit up 363.33%

Mar. 27, 2012 (China Knowledge) - Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co Ltd<600111>, the biggest rare earth producer in China, announced yesterday that its net profit soared 363.33% year on year to RMB 3.48 billion last year.

Basic earnings per share were RMB 2.87 in 2011, and the company proposed a final dividend of RMB 3.5 per ten shares.

Inner Mongolia Baotou Steel Rare-Earth's sales jumped 119% year on year to RMB 11.53 billion last year, boosted by significant increases in the prices of rare-earth products amid strong demand by the downstream sectors.

Revenue from rare-earth oxide increased 176.61% year on year to RMB 4.97 billion last year, and that from rare-earth metals rose 61% to RMB 2.55 billion.

The Shanghai-listed company said that it this year plans to accelerate its development of new rare-earth materials and expansion in the downstream industries.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved