General Steel Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2018
February 07, 2019 at 12:02 pm EST
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General Steel Holdings, Inc. announced earnings results for the first quarter ended March 31, 2018. For the first quarter, the company announced operating loss was USD 26,573 compared to USD 94,243 a year ago. Net income was USD 3.440 million compared to net loss of USD 7.303 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to basic loss per share from continuing operations of USD 0.04 a year ago. Basic earnings per share was USD 0.16 compared to basic loss per share of USD 0.37 a year ago.
General Steel Holdings, Inc., through its subsidiary, General Steel Investment Co., Ltd., operates steel companies serving various industries in the People's Republic of China (PRC). The Company manufactures and sells steel products, such as steel rebar, hot-rolled carbon and silicon sheets and spiral-weld pipes. The Company sells its products primarily to distributors and related parties. The Company has controlling interests in a trading subsidiary and an Internet-of-things subsidiary: Tianjin Shuangsi Trading Co., Ltd. (Tianjin Shuangsi) and Tongyong Shengyuan (Tianjin) Technology Development Co., Ltd. (Tongyong Shengyuan). Tianjin Shuangsi is a trading company that primarily trades iron ore, nickel-iron-manganese alloys and other steel-related products. Tongyong Shengyuan is a holding company of Tianjin Shuangsi.
GENERAL STEEL HOLDINGS, INC. 
