Hebei Steel sees sharp rise in net profit in H1

Wednesday, 27 August 2014 14:02:38 (GMT+3)   |   Shanghai
       

Hebei Province-based Chinese steelmaker Hebei Iron and Steel Co. Ltd has stated in its financial report for the first half of the current year that it recorded a net profit of RMB 333 million ($54.06 million) in the given period, up 334.6 percent year on year, with earnings per share of RMB 0.031.

In addition, Hebei Steel registered an operating revenue of RMB 50.676 billion ($8.23 billion) in the first half this year, down 7.54 percent year on year.


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