Jiangsu Shagang doubles its operating revenue in Q1
Friday, 05 May 2017 09:52:06 (GMT+3)
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Shanghai
Jiangsu Province-based Chinese steel producer Jiangsu Shagang Co., Ltd (Jiangsu Shagang), a subsidiary of Chinese steelmaker Shagang Group, has announced in its quarterly report that it registered an operating revenue of RMB 2.909 billion ($0.42 billion) for the first quarter of the current year, up 103.58 percent year on year, with a net profit of RMB 107 million ($15.53 million) compared to the net profit of RMB 4.01 million recorded in the same period of 2016.
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