Companies

Baoshan Steel 2010 profit more than doubles

(Agencies)
Updated: 2011-01-11 13:39

Baoshan Iron & Steel Co, China’s biggest publicly traded steelmaker, said 2010 profit more than doubled to 12.8 billion yuan ($1.9 billion), the highest since 2006, Bloomberg reported.

Related readings:  Baosteel chief urges innovation in downturn

Net income gained 120 percent from 5.82 billion yuan in 2009, according to an exchange filing.