The Hubay, based in the Chinese province of Hubay, the country's largest steel companies in Wuhan Iron and Steel Co (Wisco) admitted that since the beginning of 2013 she received 43 million yuan ($ 7 million) of state subsidies. Money was transferred from the accounts of local and provincial authorities.
Last year, the company received 345 million yuan ($ 58 million), and in 2011, 297 million yuan ($ 50 million) of state support.
Recall that in 2012 Wisco net profit amounted to 112 million yuan, despite the fact that the entire amount of state subsidies (345 million) was included in the company's operating income that play a key role in calculating the profit indicator.
Wisco Chinese has received a wisco from the beginning of the year $ 7 million of state subsidies
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Azovpromstal® 14 July 2013 г. 10:16 |
