SGIS Songshan’s net profit declines by 52.27 percent in Q1

Tuesday, 07 May 2019 10:43:07 (GMT+3)   |   Shanghai

Guangdong Province-based Chinese steel rolling and processing company SGIS Songshan Co., an affiliate of Guangdong-based Shaoguan Iron and Steel Co. (Shaogang), has announced that in the first quarter of the current year it achieved an operating revenue of RMB 6.65 billion ($0.98 billion), up 13.47 percent year on year, while recording a net profit of RMB 405 million ($59.6 million), down 52.27 percent year on year.

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