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China Steel's pretax profit reaches lowest number since privatization

The China Post news staff
January 22, 2013, 4:24 pm TWN

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China Steel, Taiwan's biggest steel maker, yesterday reported pretax profit of NT$6.131 billion last year, or pretax earnings per share of NT$0.4, the lowest since the firm's privatization.

For December 2012, China Steel had sales of NT$15.239 billion, a decline of 16.8 percent year-on-year and 1.04 percent month-on-month. For the whole year, sales totaled NT$207.193 billion, down 13.8 percent from 2011.

For December, pretax profit was NT$826 million, a rise of 16.83 percent from November. For the whole 2012, pretax profit totaled NT$6.131 billion, or pretax earnings per share of NT$0.4.

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