It is reported that Bengang Steel Plates projects that it will return to profit in the third quarter with profit of between CNY 120 million and CNY 220 million.

The company suffered a loss of CNY 523 million during the third quarter of 2009.

Bengang Steel Plates projected net profit of between CNY 800 million and CNY 900 million for the first three quarters of 2010, compared to a net loss of CNY 1.3 billion in the same period a year ago. Earnings per share for the first three quarters of 2010 are estimated to be between CNY 0.26 and CNY 0.29.

(Sourced from yicai.com)