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China Metal Recycling doubles profit as volumes expand
August 30, 2010 - 00:00 GMT
China Metal Recycling, the country’s largest scrap supplier, said its net profit more than doubled in the first half as its throughput of ferrous and non-ferrous scrap surged.
China Metal Recycling, the country’s largest scrap supplier, said its net profit more than doubled in the first half as its throughput of ferrous and non-ferrous scrap surged.
Net profit rose to HK$419.8, up 122%, as sales volumes of steel scrap nearly tripled and non-ferrous scrap volumes rose by more than a third.
CMR launched...
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