Verizon Communications posted a net loss of $1.9 billion during the fourth quarter of 2012, but the losses were due to a series of one-time expenses announced earlier. The company on Tuesday announced revenue of $30 billion for the fourth ...
Tags: Verizon Communications, net loss, revenue
On January 21, Hebei Province-based major Chinese steel producer Hebei Iron and Steel Group announced that in 2013 it is targeting a pig iron output of over 46 million mt, while targeting crude steel and finished steel outputs of over 45 ...
Zhou Zhongshu, president of Beijing-based Chinese state-owned metals and mineral trading group China Minmetals Corporation, has announced that in 2012 China Minmetal’s operating revenue amounted to RMB 325 billion ($51.75 billion), ...
On January 21, Zhejiang Province-based Chinese pipe producer Jiuli Stainless Steel Pipe Co., Ltd issued its financial results for 2012. Accordingly, for 2012 Jiuli Stainless Steel Pipe has posted a net profit of RMB 159 million ($25 ...
On January 17, Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co. (Bayi Steel), a subsidiary of Chinese steel giant Baosteel Group, issued its financial results for 2012, indicating a net profit of RMB 155 million ($25 million), down ...
Tags: Bayi Steel, Nanjiang Steel, steelmaker
Wu Yuhai, general manager and vice president of Chinese steelmaker Tianjin-based Tiantie Metallurgical Group Co., Ltd, has announced that in 2012 the company's annual outputs of pig iron and crude steel amounted to 4.59 million mt and 4.32 ...
Tags: Tiantie Metallurgical Group, annual outputs, pig iron, crude steel
On January 10, Shanghai-based Chinese steel giant Baoshan Iron and Steel Co. Ltd (Baosteel) issued its financial results for 2012, indicating a net profit of RMB 10.305 billion ($1.64 billion), up 39.98 percent on year-on-year basis. ...
Tags: steel giant, Shanghai, Baoshan, 2012
Shanxi Province-based Chinese steelmaker Taiyuan Iron and Steel (Group) Co. (TISCO) has announced that in 2012 it achieved a record annual finished steel output amounting to 10.15 million mt, up 2.52 percent year on year, including 3.1 ...
Tags: Chinese steelmaker, Metallurgy, Steel Output
Brazil-based meat giant Marfrig today (14 August) booked a second-quarter profit, moving back into the black after a loss in the corresponding period last year. Marfrig, which owns the Seara brand, posted net income of BRL15.5m (US$19.1m) ...
Tags: Meat giant, Meat, net income, profit
It is reported that Zenith Steel produced pig iron, crude steel and steel products totaling 5.9112 million tonnes, 6.2461 million tonnes and 6.0977 million tonnes separately in the first ten months 2012, increasing by 3.6 percent, 6.89 ...
Tags: Zenith Steel, pig iron, crude steel, steel products, steel
Fidelity National Financial reported that its net earnings attributable to common shareholders increased by 84% to $147m, against net earnings attributable to common shareholders of $80m during the same period in 2011. Its net earnings ...
Tags: Fidelity National Financial, quarter2, net earning, shareholder
(China Glass Network) Sale price of float glass keeps increasing since July this year, increase range of the product even passed 10% in the passed month. The market situation will no doubt drive sales rebound for glass enterprises in the ...
Tags: industry trends, Float Glass, price
China Knowledge reported that XCMG Construction Machinery Co Ltd one of the leading construction machinery makers in China net profit fell 28.67% YoY to CNY 1.59 billion in the first half of this year, due to a sharp decline in sales volume ...
MARKET OVERVIEW The penetration of CNC machine tools has kept rising since 2002 and reached 29.9% in China in 2011. At present, economical CNC systems are the mainstream products in the Chinese CNC system market, while mid to high-end CNC ...
Tags: market view, CNC System
On March 23rd, SINOMACH Automobile Co., Ltd. (SINOMACH Auto) released its first annual report after its restructuring and listing. According to the annual report, SINOMACH Auto realized operating revenue of RMB 50.821 billion and a gross ...
Tags: industry trends, Automobile