August 22, 2008

Handan Iron & Steel Q3 net profit down by 4.84% YoY

It is reported that Handan Iron & Steel Co Ltd said that during July to September 2007 quarter it posted a net profit of CNY 274.95 million down by 4.84% YoY from CNY 288.93 million as compared to July to September 2006 quarter.

From January to September 2007 period, the company posted operating revenue of CNY 18.96 billion as compared with CNY 18.57 billion the year before; while net profit for the nine months reached CNY 776.12 million up from CNY 718.19 million a year earlier.