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Baosteel's Net Profit Skyrockets

Baosteel's Net Profit Skyrockets

Write: Travis [2011-05-20]

Baosteel announced a 120.18 percent hike in its 2010 net profit to 12.8 billion yuan. Operating revenues grew 36.29 percent at 202.43 billion yuan thanks to huge gains from its non-steel businesses, now making up more than one-sixth of the company's total yields.