Zhejiang Province-based Chinese steelmaker Zhejiang Kingland & Pipeline Technologies Co., Ltd (Zhejiang Kingland & Pipeline) has announced an operating revenue of RMB 1.558 billion ($0.24 billion) for the first half of the current year, up 35.57 percent year on year, with a net profit of RMB 38.4478 million ($5.89 million), decreasing by 26.83 percent year on year.
The company has also announced that it expects to register a net profit of RMB 63.7964 million to RMB 76.5556 million in the January-September period of this year, up by 50.0 percent to 80.0 percent year on year.