Hunan Valin Steel’s net profit up 60.5 percent in Jan-Sept

Tuesday, 26 October 2021 11:17:37 (GMT+3)   |   Shanghai
       

Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has announced that its net profit for the January-September period of the current year amounted to RMB 7.764 billion ($1.2 billion), up 60.5 percent year on year.

In the third quarter alone, its net profit reached RMB 2.19 billion ($0.34 billion), up 20.68 percent year on year.

The company said that its upgrading of its product structure helped improve its profitability in the given period.


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