Zhejiang Province-based Chinese steelmaker Zhejiang Kingland & Pipeline Technologies Co., Ltd (Zhejiang Kingland & Pipeline Technologies) has announced that in the January-September period of the current year it recorded an operating revenue of RMB 648 million ($101.88 million), down 16.77 percent year on year, with a net profit of RMB 23.839 million ($3.75 million), up 54.14 percent year on year.
In addition, the company stated that it expects to record a net profit in the range of RMB 94.1236-117.6545 million ($14.80-18.50 million) for the whole of 2015, up 20-50 percent year on year. It said that the increases in its sales volume will boost its profitability this year.