Jinan Steel Non-Steel Profits to Soar
OREANDA-NEWS. February 14, 2012. Jinan Steel Group plans to achieve revenues of above 40 billion yuan and profit of three billion yuan created by its non-steel sectors by the end of 2015.
Its non-steel businesses including mining, metallurgical charging and real estate have become a main source of the companyбпs revenue pool.
Almost 500 million yuan of profit was generated from these sectors last year, compared with the 270 million yuan the group earned as a whole.