According to the submitted declaration for Taiwanese stock exchange, the China Steel Corporation recorded a 1 percent reduction in taxation to taxation (EBIDTA) associated with a decrease in investment income from subsidiaries. This was reported by the Institute of Strategic Research.
According to preliminary data, the profit before the China Steel tax amounted to 1 billion 760 million NTD in August (59 million 470 thousand US dollars), compared with 1 billion 830 million NTD in July 2013. The 2013 August EBIDTA was more than twice as higher than the same indicator in the APPG-2012.
In addition, China Steel announced that its operating profit last month increased by 20 percent, to 1 billion 980 million NTD due to a decrease in raw materials. "We began to use cheaper coal, which we purchased in the second quarter," said China Steel Vice President Steel Lee.
China Steel increased operating profit by 20 percent
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Azovpromstal® 12 September 2013 г. 09:13 |
