Fangda Special Steel’s net profit rises by 7.51 percent in 2013

Thursday, 03 April 2014 11:27:07 (GMT+3)   |   Shanghai
       

Jiangxi Province-based Chinese steelmaker Fangda Special Steel has issued its financial results for 2013, announcing an operating revenue of RMB 13.215 billion ($2.17 billion), down 1.05 percent year on year, while it saw a net profit of RMB 563 million ($92.3 million), up 7.51 percent year on year.

Fangda Special Steel said it maintained a stable development trend in 2013 by overcoming the negative impact of the overcapacity in the steel industry.


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