Sangang Minguang posts net profit of RMB 524 million for Jan-Sept

Fujian Province-based Chinese steelmaker Fujian Sangang Minguang Co., Ltd (Sangang Minguang) has announced an operating revenue of RMB 9.704 billion ($1.43 billion) for the January-September period of the current year, up 0.96 percent year on year, with a net profit of RMB 524 million ($77.40 million) compared to the net loss of RMB 648 million recorded in the same period of 2015.