Ossen rare earths revenues drop in “challenging” business environment
Published: Monday, 29 June 2015
Weakening Chinese growth and pressure on rare earth products pricing has pushed down revenues for Ossen Innovation, though the company has managed to increase its profits marginally by $500,000 y-o-y.
Shanghai, China-based rare earths and
zinc-coated steel materials producer, Ossen Innovation Co. Ltd,
registered a net income of $0.9m, or $0.04/share in Q1 2014, up
80% year-on-year (y-o-y).
Revenues dropped, meanwhile,...