Jiangxi Province-based Chinese steelmaker Fangda Special Steel Technology Co., Ltd (Fangda Special Steel) has announced an operating revenue of RMB 10.127 billion ($1.53 billion) for the first three quarters of the current year, increasing by 67.8 percent year on year, as well as a net profit of RMB 1.5395 billion ($0.23 billion), indicating a big rise compared to the net profit of RMB 462.94 million recorded in the same period last year.
The company stated that in the given period it benefitted from the good performance of the domestic finished steel market, while also improving its management.