Bengang Steel Plates registers increase in net profit in 2013
Monday, 27 January 2014 15:04:43 (GMT+3)
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Shanghai
Liaoning Province-based Chinese steelmaker Bengang Steel Plates Co. (Bengang Steel Plates), a subsidiary of Benxi Iron and Steel (Group) Co. (Bengang Group), announced on January 24 that it expects to achieve a net profit of RMB 200-300 million ($33-49 million) in 2013, up 153.39-280.09 percent year on year, while in 2012, it achieved a net profit of RMB 78.9294 million ($12.9 million).
The company also stated that it has achieved continuous profitability by optimizing products, developing markets and reducing costs amid downward steel prices and fierce market competition over the past year.
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