Jordan Steel Company Reports Earnings Results for the Second Quarter of 2016
Jordan Steel Company reported earnings results for the second quarter of 2016. For the quarter, the company reported, profits declined to 98% to reach USD 12.79 million from USD 543.475 million in the same quarter last year. Additionally, the main cause of the drop was attributed to lower sales, which reached 755.25% to USD 7.45 million in second quarter of 2016. On the other hand, profits grew by 6.8% to USD 628.39 million, from USD 588.34 million in the same period last year.