Shagang Group’s net profit doubles in January-October

Thursday, 11 December 2014 14:02:55 (GMT+3)   |   Shanghai
       

Jiangsu Province-based Chinese steelmaker Shagang Group has stated that in the January-October period of the current year it achieved an operating revenue of RMB 204.7 billion ($33.339 billion), a gross profit of RMB 6.026 billion ($0.981 billion) and a net profit of RMB 3.768 billion ($0.614 billion), up 7.46 percent, 53 percent and 102 percent year on year, respectively.

In 2013, the company had recorded a gross profit of RMB 5.78 billion and a net profit of RMB 2 billion.


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