It's reported that the Chinese steelmaker Shagang released its financial result for the first quarter of this year and its revised result for 2012. In the first quarter of this year, Shagang realized operating revenues of RMB2.366 billion, decreasing by 23.53% year on year. The company's net profits amounted to RMB4.6847 million in the given period of time, slumping by 73.85% year on year. Regarding to the revised figures, Shagang's operating revenues for 2012 totaled RMB12.147 billion, decreasing by 19.02% and its net profits were at RMB22.7039 million, slumping by 91.82%, both compared to those in a year ago.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64133&division=A6
