Shougang Steel sees increased profit but lower revenue in H1

In its financial report for the first half of the current year issued on August 12, Beijing-based Chinese steelmaker Shougang Iron and Steel Co. announced that it recorded a net profit of RMB 9.3602 million ($1.5 million) for the given period, up 108.83 percent year on year, with earnings per share of RMB 0.0018.

In addition, in the first half this year Shougang Steel registered an operating revenue of RMB 12.663 billion ($2.05 billion), down 9.63 percent year on year.