Angang Steel's Q3 Loss Widens as Operating Income Falls 8%; Hong Kong Shares Rise 4%

MT Newswires Live

2024-11-01

Angang Steel's (HKG:0347) attributable loss widened to 2.40 billion yuan in the third quarter from 769 million yuan in the year-ago period, according to a Wednesday filing with the Hong Kong Exchange.

Loss per share at the Chinese steel product manufacturer widened to 0.255 yuan from 0.082 yuan in the prior-year period.

Operating income declined 8% year over year to 23.8 billion yuan from 25.9 billion yuan a year earlier.

Shares rose 4% in Hong Kong and 2% in Shenzhen during Friday's trading.

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