Maanshan Iron & Steel (SHA:600808, HKG:0323) turned to an attributable profit of 42.4 million yuan in the first quarter from an attributable loss of 144.1 million yuan in the year-ago period, according to a Saturday filing with the Shanghai bourse.
The iron company logged earnings per share of 0.01 yuan compared with a loss per share of 0.02 yuan in the prior-year period.
Operating revenue declined 8.8% year over year to 17.7 billion yuan from 19.4 billion yuan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.