Shougang posts net profit of RMB 16.4516 million for H1

Beijing-based Chinese steelmaker Shougang Iron and Steel Co. (Shougang) has announced that it has recorded an operating revenue of RMB 18.302 billion ($2.74 billion) for the first half of the current year, down 10.77 percent year on year, with a net profit of RMB 16.4516 million ($2.46 million) compared to a net loss of RMB 223 million in the same period of 2015.