Jinan Steel's 2011 first-quarter net profit fell 73.50% year-on-year

Jinan Iron and Steel announced on the evening of April 20th that the company’s total revenue for the first quarter was 8.032 billion yuan; the net profit attributable to shareholders of listed companies was 22,542,200 yuan, a year-on-year decrease of 73.50%; basic earnings per share was 0.0072 yuan.

According to public information, Jinan Iron & Steel achieved operating revenue of 30.741 billion yuan in 2010, an increase of 20.99% over the same period last year; net profit of 84.3355 million yuan, an increase of 25.91% over the same period of last year.

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