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Ma'anshan Steel and Laiwu Steel post profit growth in H1.(Financial report)
China Business News
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August 15, 2008
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Ma'anshan Steel and Laiwu Steel post profit growth in H1
Shanghai. August 15. INTERFAX-CHINA - Shanghai-listed Ma'anshan Iron and Steel Co. Ltd. and Laiwu Iron and Steel Co. Ltd., two major Chinese steel producers, both recorded an annual increase in net profit over the first six months of 2008, according to their financial reports released on Aug. 15.
Laiwu Steel said its net profit for the first half of the year reached RMB 653.46 million ($95.19 million), an increase of 30 percent from the same period last year, attributing the jump to high steel product ...
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