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<< Back *ST Valin achieves profitability in the first half of 2017.
2017-07-11


According to the earnings announcement released on July 7th by Valin Steel, *ST Valin is expected to reap net profit of 11-13 billion yuan with the one attributable to shareholders of listed companies of 9-10 billion yuan, achieving profitability in the first half of 2017. Compared with the loss of 945 million yuan the same period last year, the increase in performance of about 200% is the best earning since it listed. Valin Group, the major shareholder pledged to overweight its shares in *ST Valin in 6 months according to relevant provisions of CSRC and Shenzhen Stock Exchange in response to the secondary market volatility after resumption of the stock in amounts of over 100 million yuan.
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