Qingdao announces net income for first half of 2003
Chinese steel producer Qingdao Iron & Steel Group Co. announced its net income as Yuan 217 million (approx. $26.2 million) with an increase of 41.1% in the first six months of 2003 when compared to same period last year.
Company's sales income amounted as Yuan 5.4 billion, up by 58.9% in the first half. Qingdao increased its rolled products output in its mill located in Shandong, east
China to 901'000 tons by 36.9%.