SGIS Songshan returns to profit in 2016
Monday, 10 April 2017 10:08:32 (GMT+3)
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Shanghai
Guangdong Province-based Chinese steel rolling and processing company SGIS Songshan Co., an affiliate of Guangdong-based Shaoguan Iron and Steel Co. (Shaogang), has announced in its annual report that in 2016 it registered an operating revenue of RMB 13.973 billion ($2.03 billion), up 25.38 percent year on year, with a net profit of RMB 101 million ($14.66 million), compared to the net loss of RMB 2.596 billion it recorded in 2015.
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