Baogang’s net profit increases by 3,188 percent in H1

Friday, 27 August 2021 10:28:11 (GMT+3)   |   Shanghai
       

Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co., Ltd. (Baogang) has announced that it registered an operating revenue of RMB 39.437 billion ($6.1 billion) in the first half this year, while achieving a net profit of RMB 2.764 billion ($0.43 billion) in the given period, up 3,188 percent year on year.

In the given period, finished steel prices indicated an increasing trend, exerting a positive impact on Baogang’s profitability.


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