Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Co. (Ansteel) announced its annual financial results for 2013, stating that it recorded an operating revenue of RMB 75.329 billion ($12.35 billion) for the year, compared to an operating revenue of RMB 77.748 billion in 2012, and while it achieved a net profit of RMB 770 million ($126.2 million), following a net loss of RMB 4.025 billion in 2012.
In its report, Ansteel said it has submitted an application to Shenzhen Stock Exchange for the withdrawal of special treatment (ST) measures regarding its shares as it returned to profit in 2013.
Source:
http://www.steelorbis.com/steel-news/latest-news/ansteel-sees-a-return-to-profit-in-2013-820809.htm
