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China Precision Steel, Inc. Message Board

  • cabogordon cabogordon Oct 22, 2007 8:33 AM Flag

    china steel market strong

    PROFX Terra Nostra (TNRO.ob): recent Trader profile reports strong Q1 results (4.32 )

    see recent profile at $1.19..... Terra Nostra (TNRO) reports Q1 (Aug) revenue of $172.7 mln, up 290% yr/yr, Operating profits of $13.3 mln, up 605% yr/yr. Net income of $7.2 mln vs a loss of $1.1 mln a year ago. Co says "We continue to experience strong domestic market demand for copper and stainless steel production from both new and existing customers....China's overall market for both copper and stainless steel remains very dynamic and positive. As such, we expect this growth trend to continue as our modern facilities ramp up production." Note: co recently reported Q4 results (Oct 5) and the stock popped, so would watch this one.

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