Baosteel expects 8-12 percent increase in net profit 2018

Monday, 21 January 2019 10:47:51 (GMT+3)   |   Shanghai

Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has stated that it expects its net profit for 2018 to increase by RMB 1.5-2.3 billion ($0.22-0.34 billion),i.e., by 8.0-12.0 percent, on year-on-year basis.

In 2017, Baosteel had achieved a net profit of RMB 19.17 billion.

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