Maanshan Iron & Steel Swings to Q3 Loss as Revenue Slides 26%

MT Newswires Live

2024-11-01

Maanshan Iron & Steel (HKG:0323, SHA:600808) swung to an attributable loss of 1.39 billion yuan in the third quarter from a profit of 637.7 million yuan in the year-ago period.

The Chinese steel company swung to a loss per share of 0.1805 yuan from 0.082 yuan.

Operating income declined 26% year over year to 18.5 billion yuan, according to a Wednesday filing with the Hong Kong Exchange.

Shares jumped 1% in Hong Kong and Shanghai during Friday's trading.

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