Shandong Iron & Steel's net profit up by 20 times YOY to RMB600 million
2017-07-28 17:22:29 [Print]
Shandong Iron & Steel released the semi-annual report on 27 July that it achieved the operating income of RMB31.559 billion in H1 of 2017, up by 41.32% YOY; its net profits attributable to shareholders of listed companies in H1 of 2017 was RMB596 million, up by 2,023.13% YOY.
The company claimed that China achieves certain effects by carrying out supply-side reform this year. The de-capacity work especially measures of eliminating unqualified steel before late June is implemented, providing favorable external environment for the steel industry and maintaining the sustainable profitability of the whole industry.
The company claimed that China achieves certain effects by carrying out supply-side reform this year. The de-capacity work especially measures of eliminating unqualified steel before late June is implemented, providing favorable external environment for the steel industry and maintaining the sustainable profitability of the whole industry.
