Xinxing Pipe Casting ups its net profit by 52pct in 2010
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Wednesday, 09 Mar 2011
It is reported that Hebei Province based Chinese pipe manufacturer Xinxing Pipe Casting Group in 2010 total operating revenue reached CNY 37.62 billion up by 29.41%YoY while its net profit amounted to CNY 1.35 billion rising by 51.75%YoY.
In 2010, Xinxing Pipe Casting Group acquired a 40% stake in Wuhu Xinxing Pipe Casting Co Ltd, a 25% stake in Hebei Xinxing Pipe Casting Co Ltd and a 38% stake in Xinjiang Jinte Iron and Steel Holding Co Ltd.
(Sourced from SteelOrbis)
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