JISCO Hongxing Steel expects net profit of RMB 1.08 billion for 2018

Thursday, 14 March 2019 11:08:02 (GMT+3)   |   Shanghai
       

Gansu Province-based Chinese steel producer Hongxing Steel, a listed subsidiary of Gansu-based steelmaker Jiuquan Iron and Steel Group (JISCO), has announced its preliminary results for 2018, stating that its net profit for the year will reach RMB 1.08 billion ($0.16 billion), compared to the net profit of RMB 0.421 billion it recorded in 2017.


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