Zhongyuan Special Steel’s net profit down 4.5 percent in H1
Thursday, 14 July 2011 11:28:14 (GMT+3)
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On July 13, Henan Province-based Chinese steel producer Zhongyuan Special Steel Co. has announced its financial results for the first half of the current year.
Accordingly, its operating revenue for the January-June period this year increased by 36 percent year on year to RMB 900 million ($139.1 million), while its net profit decreased by 4.47 percent year on year to RMB 45.3113 million ($7.003 million).
In the first quarter of the current year, Zhongyuan Special Steel's operating revenue has decreased by 0.98 percent year on year to RMB 361 million ($55.79 million), while its net profit was RMB 6.1608 million ($0.9522 million), down 78.55 percent year on year.
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