JISCO Hongxing Steel sees net profit of RMB 223 million in Q1
Monday, 08 May 2017 11:05:28 (GMT+3)
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Shanghai
Gansu Province-based Chinese steel producer Hongxing Steel, a listed subsidiary of Gansu-based steelmaker Jiuquan Iron and Steel Group (JISCO), has announced that in the first quarter of the current year it registered an operating revenue of RMB 9.11977 billion ($1.32 billion), up 7.25 percent year on year, with a net profit of RMB 223 million ($32.32 million) compared to the net loss of RMB 267 million recorded in the same period of 2016.
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