Liuzhou Iron and Steel Co., Ltd, a Shanghai-listed subsidiary of Guangxi Liuzhou Iron and Steel Group, gained 1.24 billion yuan ($184.9 million) of net profit attributable to shareholders in the first three quarters, down 16.72% year on year, it said in its quarterly report.
The company realized 37.17 billion yuan of operation revenue during the same period, growing by 5.82% from the preceding year.
In the first nine months, Liuzhou Iron and Steel produced 6.61 million tonnes of finished steel, increasing by 13.64% year on year.
Sales of finished steel also rose 14.27% to 6.62 million tonnes, bringing sales revenue of 21.18 billion yuan, which was 6.14% higher than the year-ago level.
The average price of finished steel came in at 3,200.64 yuan/t, down by 7.11% year on year.
(Writing by Tammy Yang Editing by Alex Guo)
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