Jinan Steel may double first-half profit
(China Daily)Updated: 2007-06-29 13:36
Jinan Iron & Steel Co, whose parent is merging with
Laiwu Iron & Steel Goup Co to create one of China's largest steel producers,
said first-half profit may double because of higher prices and lower costs.
Net income may surge between 50 percent and 100 percent from 366.3 million yuan, or 0.32 yuan per share, a year earlier, the company said in a preliminary earnings statement yesterday.
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