HBIS Company’s net profit declines 34.79 percent in Jan-Sept

HBIS Company Limited, the listed subsidiary of major Chinese steelmaker Hebei Iron and Steel Group, has announced that in the first three quarters this year it registered an operating revenue of RMB 80.713 billion ($12.0 billion), down 14.4 percent year on year, and a net profit of RMB 1.16 billion ($0.17 billion), down 34.79 percent year on year.