CAPITAL MARKETS

China Steel boosts profits

HAVING graced the Aussie bourse for only a matter of months, nickel pig iron producer China Steel Australia has exceeded forecasted results to hand down an annual net profit of $A13.1 million.

Charlotte Dudley
China Steel boosts profits

China Steel’s net profit after tax for the year ended June 30 was up 75% from 2007 takings and was almost triple the company’s previously forecast profits. Revenue came in at $22.5 million, slightly...

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