It is reported that Bengang Steel Plates reports revenue and net profit attributable to shareholders increased 28.66%YoY and 132.77%YoY to CNY 11.97 billion and CNY 171.52 million in the third quarter of 2010 for an earnings per share of CNY 0.05.

Cumulative revenue and net profit attributable to shareholders grew 31.18%YoY and 160.01%YoY to CNY 33.8 billion and CNY 860.12 million in the first three quarters for EPS of CNY 0.27.

Bengang suffered a loss of CNY 58.28 million on the disposal of non-current assets in the first three quarters, but earned CNY 6.77 million from debt restructuring during the same period.

(Sourced from www.capitalvue.com)