Jiangsu Province-based Chinese steel producer Nanjing Iron and Steel (Nanjing Steel) has announced in its preliminary financial report for the first half of the current year that it expects to record a net profit of RMB 120 million ($19.6 million) for the given period. The company had posted a net loss of RMB 64.4554 million for the same period of last year.
Source:
http://www.steelorbis.com/steel-news/latest-news/nanjing-steel-sees-return-to-profit-in-h1-838578.htm
