Fushun Special Steel’s net profit declines 17.72 percent in 2011

Liaoning Province-based Chinese steel producer Fushun Special Steel has announced that in 2011 its operating revenue increased by 2.57 percent year on year to RMB 5.417 billion ($859.16 million). However, the steelmaker's net profit in the given year came to RMB 25.63 million ($4.07 million), down 17.72 percent year on year. Accordingly, earnings per share amounted to RMB 0.05 ($0.0079).