It’s reported that Indian steelmaker Steel Authority of India Limited (SAIL) released its financial result for the first quarter of the financial year 2013/14 ended on June 30th.
In the first quarter of the fiscal year 2013/14, SAIL posted a net profit of INR4.5 billion, slumping by 35% year on year.
In the given period of time, the company realized gross sales revenues of INR113.6 billion, decreasing by 4.6% year on year. Its sales volumes increased by 5% to 2.62 million tons.
Meanwhile, SAIL’s output of value-added steel products totaled 1.29 million tons in the given period of time, rising by 4% year on year.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65854&division=A6
