Thursday, 03 Feb 2011
It is reported that Nanjing Iron & Steel reported a profit growth of 500% to 600% in 2010 with the nets profit which belonged to its parent company hitting at CNY 0.138 billion.
While Valin Steel disclosed a full year profit lose of CNY 2.5 billion to CNY 2.7 billion due to the bad performances of its holding company. In 2009, the company realized net profits of CNY 0.12 billion and it once predicted a full year profit lose of CNY 1.8 billion to CNY 2 billion in the third quarter of 2010.(sourced:www.cscet.com)
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