17
Apr
07:48
Baosteel Packaging returns to profit in 2018
Baosteel Group subsidiary Baosteel Packaging recently reported its operating income was CNY 4.977 billion ($741.57 million) in 2018, an increase of 9.48% year-on-year. Net attributable profit was CNY 41.89m, after surging 531.73% y-o-y.
The company's non-recurring gains and losses totalled CNY 10.247m, of which government subsidies were CNY 12.825m. After deducting non-recurring gains and losses, net attributable profit was…
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