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Tangshan Steel Crop predicts an increase of 50% in net profits in 2007

By , 2008-03-08 02:31:12

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Tangshan Steel Crop predicted an increase of around 50% in net profits in 2007 from adjusted net profits of 1.42125 billion yuan in 2006.


It contributed the rise to three factors as follows:
1. Tangshan Medium Plate Co., Ltd., a subsidiary of the Crop, started production of its medium plate project in September 2006 and brought it into full capacity in 2007.
2. Its proportion of high-value added products was improved and products structure was optimized.
3. To work to conduct energy saving projects, develop recycling economy and optimize various main indexes.

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