Jiangsu Shagang revises up profit forecast of 2016

Jiangsu Shagang announced that they are expecting the annual profit of 2016 to be RMB180-260 million (USD26.Asian Metal Copyright04million in the year.Asian Metal Copyright14-37.Asian Metal Copyright14-37.Asian Metal Copyright75milion).Asian Metal Copyright14-37.Asian Metal Copyright According to "Jiangsu Shagang's Second-quarter Report of 2016" published by the company on 21 October 2016, the net profit attributable to listed company shareholders was RMB140-200 million (USD20.Asian Metal Copyright33-29.Asian Metal Copyright33-29.Asian Metal Copyright According to "Jiangsu Shagang's Second-quarter Report of 2016" published by the company on 21 October 2016, the net profit attributable to listed company shareholders was RMB140-200 million USD20.Asian Metal Copyright04million) in the year.

As prices for steel continuously increased in Q4 2016, gross profits of products increased significantly. Therefore, the net profit belonging to listed company shareholders was higher than previously expected.

.Asian Metal Copyright According to "Jiangsu Shagang's Second-quarter Report of 2016" published by the company on 21 October 2016, the net profit attributable to listed company shareholders was RMB140-200 million USD20Asian Metal Copyright