Xinyu Steel expects net profit of RMB 60-100 million for H1

Tuesday, 02 August 2016 09:58:33 (GMT+3)   |   Shanghai
       

Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co. (Xinyu Steel) has announced that it expects to record a net profit in the range of RMB 60-100 million ($9.05-15.08 million) for the first half of the current year, compared to the net loss of RMB 137 million recorded in the same period of 2015.
 
Xinyu Steel stated that it improved its management structure and optimized its product structure amid the rising trend of finished steel prices in China, contributing to its net profit in the given period.

Similar articles

Shanxi Coking Coal’s net profit down 39.66 percent in Jan-Sept

26 Oct | Steel News

Shanxi Coking Coal’s net profit down by 29.43 percent in H1

08 Aug | Steel News

Wujin Stainless Steel’s net profit estimated to be RMB 185 million in Jan-Jun

12 Jul | Steel News

Chinese steel enterprises’ losses amount to RMB 4.84 billion in Q1

27 Apr | Steel News

Shanxi Coking Coal posts net profit of RMB 2.47 billion for Q1

26 Apr | Steel News

Shagang’s net profit down 73.88 percent in Q1

24 Apr | Steel News

Nanjing Steel’s operating revenue down 7.69 percent in 2022

29 Mar | Steel News

Shanxi Coking Coal Energy Group posts net profit of RMB 5.694 billion for 2022

28 Mar | Steel News

Chinese steel enterprises’ profits down 151.1 percent in Jan-Feb

27 Mar | Steel News

China Shenhua Energy posts a net profit of RMB 69.63 billion in 2022

27 Mar | Steel News