Business
Pangang Group Vanadium & Titanium Resources : Net profit rebounded to ¥71.87 million on higher vanadium prices and lower costs
Pangang Group Vanadium & Titanium Resources : Net profit rebounded to ¥71.87 million on higher vanadium prices and lower costs
About this update from Pangang Group Vanadium & Titanium Resources Co., Ltd. Class A
Revenue rose 16.7% year-over-year to ¥2.48 billion, with net profit swinging to ¥71.87 million from a loss last year. Profit growth was driven by higher vanadium prices and lower raw material costs, while operating cash flow and asset base both improved.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.