Jiangxi Province-based Chinese steelmaker Fangda Special Steel has issued its financial results for 2013, announcing an operating revenue of RMB 13.215 billion ($2.17 billion), down 1.05 percent year on year, while it saw a net profit of RMB 563 million ($92.3 million), up 7.51 percent year on year.
Fangda Special Steel said it maintained a stable development trend in 2013 by overcoming the negative impact of the overcapacity in the steel industry.
Source:
http://www.steelorbis.com/steel-news/latest-news/fangda-special-steels-net-profit-rises-by-751-percent-in-2013-821611.htm
