Lingyuan Steel sees 28.21 percent increase in net profit in Jan-Sept

Liaoning Province-based Chinese steel producer Lingyuan Iron & Steel Co., Ltd (Lingyuan Steel) has stated that in the first nine months of this year it registered an operating revenue of RMB 15.804 billion ($2.3 billion), up 17.89 percent year on year, and a net profit of RMB 1.277 billion ($0.19 billion), rising by 28.21 percent year on year.