Valin Group returns to profit in 2013
Thursday, 23 January 2014 16:16:30 (GMT+3)
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Shanghai
On January 23, Hunan Province-based Chinese steelmaker Valin Iron and Steel Group Co.( Valin Group) announced that in 2013 it achieved a sales revenue of RMB 81.9 billion ($13.4 billion), up RMB 2.7 billion ($442.6 million) year on year, and a net profit of RMB 1.29 billion ($211.5 million), up RMB 3.77 billion ($618 million) from the previous year's net loss. The net profit in 2013 was the first recorded by the company following the losses registered in the previous five years.
In 2013, Valin Group's pig iron, crude steel and finished steel outputs amounted to 16.6 million mt, 17.51 million mt and 17.26 million mt, up 5.15 percent, 7.25 percent and 7.25 percent year on year, respectively.
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