21
Jan
05:02
Baosteel expects net profit to rise in 2018
Baosteel's listed arm has announced its 2018 performance forecast on the Shanghai Stock Exchange. It expects net profit to have increased by CNY 1.5-2.3 billion ($220-338 million) year-on-year, an increase of 8%-12%, Kallanish notes.
The listed company's financial report shows that in 2017, Baosteel's operating revenue was CNY 289.1 billion, a y-o-y increase of 17.4%, and net profit reached CNY 19.2 billion, up 111%. Based on this, Baosteel'…
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