Zhejiang Province-based Chinese pipe producer Kingland Pipeline and Technologies Co. (Kingland Pipeline) has announced that it has increased its net profit for the first half of the current year by 26.17 percent year-on-year to RMB 62.689 million ($10.24 million). Meanwhile, the company's operating revenue amounted to RMB 1.69 billion ($276 million).
In addition, in the first half of the current year, Kingland Pipeline's sales of main steel tube products including galvanized steel pipe, high frequency welding pipe (HFW) and longitudinal submerged arc welding pipe (LSAW) totaled 331,700 mt, up 15.62 percent year on year.