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Baosteel Profit Drops 49.21 Percent in 2008

ZUMA Press Inc | | Read More
Baosteel Profit Drops 49.21 Percent in 2008

Mar 28, 2009 - Beijing, China - Baoshan Iron and Steel Co Ltd (Baosteel), Chinas largest listed steel maker released its annual report for fiscal year 2008, which shows that its net profit dropped 49.21% from one year earlier to about RMB 6.46 billion (USD 946 million) amid the global financial crisis, sources reported. The company realized around RMB 200.64 billion in sales revenue in 2008, up 4.74% year on year. It sold around 22.81 million tons of pig iron and steel billets, up 0.9% from one year earlier. PICTURED: View of the stand of Baosteel during an exhibition in Beijing, March 22, 2009

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