Lingyuan Steel returns to profit in Q1

Friday, 05 May 2017 09:56:21 (GMT+3)   |   Shanghai
       

Liaoning Province-based Chinese steel producer Lingyuan Iron & Steel Co., Ltd (Lingyuan Steel) has announced in its quarterly report that it has registered an operating revenue of RMB 3.889 billion ($0.56 billion) for the first quarter of the current year, up 62.03 percent year on year, with a net profit of RMB 167 million ($24.24 million) compared to the net loss of RMB 131 million recorded in the same period of 2016.

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