Chinese steel giant Baosteel Group has issued its preliminary financial data for 2011. Accordingly, for 2011 the net profit of Baosteel has been estimated at RMB 7.302 billion ($1.159 billion), down 43.35 percent compared to 2010.
Meanwhile, the earnings per share (EPS) of Baosteel for the given year are estimated at RMB 0.42 ($0.067). For the first three quarters of 2011, Baosteel's net profit aggregated at RMB 6.321 billion ($1.003 billion), according to its Q3 financial report.