On January 21, Zhejiang Province-based Chinese pipe producer Jiuli Stainless Steel Pipe Co., Ltd issued its financial results for 2012.
Accordingly, for 2012 Jiuli Stainless Steel Pipe has posted a net profit of RMB 159 million ($25 million), up 38.96 percent compared to 2011. Meanwhile, the company achieved an operating revenue of RMB 2.639 billion ($420 million) in the given year, up 17.28 percent year on year.
Source:
http://www.steelorbis.com/steel-news/latest-news/jiuli-stainless-steel-pipe-posts-39-percent-rise-in-net-profit-for-2012-736313.htm
