Baogang’s operating revenue almost doubles in Q1
Wednesday, 31 May 2017 10:04:33 (GMT+3)
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Shanghai
Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel (Baogang) has announced in its quarterly report that it has registered an operating revenue of RMB 10.63 billion ($1.55 billion) for the first quarter of the current year, up 95.92 percent year on year, with a net profit of RMB 198 million ($28.9 million) compared to the net loss of RMB 550 million recorded in the same period of 2016.
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