SGIS posts sharp drop in net loss for January-September

Guangdong Province-based Chinese steelmaker Shaoguan Iron and Steel Co., Ltd (SGIS), has announced an operating revenue of RMB 9.427 billion ($1.39 billion) for the January-September period of the current year, up 10.74 percent year on year, with a net loss of RMB 112 million ($16.54 million) compared to the net loss of RMB 1.78332 billion recorded in the same period of 2015.