By Unknow , 2010-08-26 12:00:00
It is reported that Inner Mongolian Baotou Steel Union Co Ltd realized net profit of CNY 374 million in the H1 of 2010 compared with last year deficit of CNY 748 million.
Its business income in the reporting period registered about CNY 18.9 billion up by 9.25%YoY and earnings per share was CNY 0.06 compared with the loss of CNY 0.12 last year.
The rallying domestic steel market, the mill export increase and its effort in reducing cost are believed to be the major causes for its turning loss to profit. It predicted that the first nine months will expect to see net profit of CNY 500 million
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