Shougang returns to profit in Q1
Wednesday, 10 May 2017 10:05:03 (GMT+3)
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Shanghai
Beijing-based Chinese steelmaker Shougang Iron and Steel Co. (Shougang) has announced in its quarterly report that it has registered an operating revenue of RMB 15.143 billion ($2.19 billion) for the first quarter of the current year, up 90.52 percent year on year, with a net profit of RMB 497 million ($72.03 million) compared to the net loss of RMB 482 million recorded in the same period of 2016.
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