September 07, 2008

Tanggang operating profit in 2007 up by 54% YoY

It is reported that Tanggang Company Ltd produced 9,353,900 tonnes of iron in 2007 up by 1.43% YoY from that of 2006 and completing 95.25% of the year plan, 10,837,900 tonnes of steel up by 7.35% YoY and completing 100.07% of the plan and 10,409,900 tonnes of finished steel up by 18.77% YoY completing 100.87% of the year plan.

In 2007, Tanggang realized sale income CNY 41,792 million up by 38.45% YoY from that of 2006, operation profit CNY 3,051 million up by 53.68% YoY and net profit CNY 2,426 million up by 72.13% YoY.