HSG – High volatility in input prices wreaking havoc on earnings -AGM NOTE
- HSG held its AGM last month. HSG’s poor performance in the previous fiscal year was one of the primary concerns expressed by its shareholders at the AGM.
- FY16-17 revenue grew strongly on the back of solid volume growth of +25.5%, to touch 1.6 million tonnes
- However, high HRC input prices hurt profitability despite a recovery in ASPs.
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