On April 25, Jiangsu Province-based Chinese steel pipe producer Yulong Steel Pipe Co. announced that in the first quarter this year its operating revenue amounted to RMB 487 million ($78.3 million), down 4.8 percent year on year. Meanwhile, the net profit of the company in the given quarter totaled RMB 25.2949 million ($4.07 million), up 7.08 percent on year-on-year basis, with basic earnings per share (EPS) amounting to RMB 0.08 ($0.013).
Source:
http://www.steelorbis.com/steel-news/latest-news/yulong-steel-pipe-sees-708-increase-in-net-profit-in-q1-755117.htm
