Baosteel figures
By Jin Jing |
March 31, 2012, Saturday
|
Print Edition
Print Edition
BAOSHAN Iron and Steel Co yesterday reported net profit for 2011 slumped 44 percent as rising raw material prices ate into profitability.
Net income fell to 7 billion yuan (US$1.11 billion) last year, compared with 12.6 billion yuan in 2010, the company said in a statement to the Shanghai Stock Exchange. Sales grew 10 percent to 222.9 billion yuan.
Net income fell to 7 billion yuan (US$1.11 billion) last year, compared with 12.6 billion yuan in 2010, the company said in a statement to the Shanghai Stock Exchange. Sales grew 10 percent to 222.9 billion yuan.
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