Nanjing Steel posts net profit of RMB 354 million for 2016

Jiangsu Province-based Chinese steel producer Nanjing Iron and Steel Co. Ltd (Nanjing Steel) has announced in its annual report that in 2016 it registered an operating revenue of RMB 24.174 billion ($3.52 billion), up 8.64 percent year on year, with a net profit of RMB 354 million ($51.6 million), compared to the net loss of RMB 2.4 billion it recorded in 2015.