Hunan Valin Steel returns to profit in Q1
Monday, 22 May 2017 10:28:57 (GMT+3)
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Shanghai
Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has announced in its quarterly report that it has registered an operating revenue of RMB 17.995 billion ($2.62 billion) for the first quarter of the current year, up 83.21 percent year on year, with a net profit of RMB 308 million ($44.77 million) compared to the net loss of RMB 815 million recorded in the same period of 2016.
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