Wuhan Iron & Steel Q3 Net Profit Drops 53%
Wuhan Iron & Steel Co reported a 53% drop in its third-quarter net profit.
Its quarterly net profit fell to 193.03 million yuan ($30.9 million), from CNY413.43 million, in the year-ago period.
Its revenue dropped 16% to CNY21.91 billion, versus CNY25.97 billion.
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