26
Oct
09:41
Shagang listed company profit surges in third quarter
The listed arm of China's Shagang Group has reported better performance in the third quarter, with a 5.9% year-on-year increase in operating revenue and an 111.8% jump in net profit.
Shagang's listed arm mainly comprises the Huaigang steelworks, with around 3.2 million tonnes/year of steel capacity, but excludes Shagang Group's main steelworks in Zhangjiagang, Kallanish notes.
According to the company's official data, Shagang's …
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