Liuzhou Iron and Steel's net profit up by 400% YOY in H1 of 2017
2017-08-30 17:22:22 [Print]
According to the semi-annual report disclosed by Liuzhou Iron and Steel on the evening of 28 August, the company achieved the operating income of RMB19
. 1 billion in H1 of 2017, up by 55% YOY, and the net profit of RMB396 million, up by 401% YOY . As Chinese government presses on with implementation of the de-capacity policy and local governments enhance crackdown upon low-quality steel products, the steel market recovers in 2017, and the company realized significantly increasing profits in H1 of 2017.