December 03, 2008

Jigang net profit in Q1 reaches CNY 400 million

It is reported that Jinan Iron and Steel issued the first quarter report that in the first quarter 2008, Jinan Iron and Steel Company realized operation revenue CNY 10.228 billion up by 32.96% YoY and the net profit was CNY 393 million up by 32.54% YoY and the earnings for per share was CNY 0.29 up by 10.43%.

The reasons for the growth of outstanding achievements is that the steel market is better, the steel price was higher than that of the same period previous years, at the same time, the operating costs also increased 34.79% lead by the steel cost increase.