According to the latest financial report released by Hong Kong-based conglomerate CITIC Pacific, a diversified company with a primary focus on special steel manufacturing, iron ore mining, energy and property, in the first half of the current year the company's net profit amounted to HKD 4.463 billion ($580.19 million), down 1.6 percent, while its operating revenue totaled HKD 41.292 billion ($5.37 billion), down 14.3 percent, both year on year.In the first half of the current year, the company's iron ore mining operations recorded a net loss of HKD 1.054 billion ($137 million), compared to a net loss of HKD 110 million ($14.3 million) in the first half last year, while the company's special steel operation indicated a net profit of HKD 967 million ($125.71 million), up 84.5 percent year on year. Meanwhile, the company's energy operations achieved a net profit of HKD 872 million ($113.36 million) in the first half this year, up 74.4 percent year on year.
As of June 30, CITIC Pacific's net debts amounted to HKD 85.012 billion ($11.05 billion), up one percent compared to the end of 2012.
