Shanxi Taigang Stainless Steel (SHE:000825) swings to profit in the first half of the year after recording a net profit attributable to shareholders of nearly 139 million yuan or 0.024 yuan per share, according to an Aug. 31 disclosure on the Shenzhen Stock Exchange.
The Chinese steelmaker's loss a year earlier was 495.5 million yuan or 0.087 yuan per share.
The company's operating income slipped 7.4% year on year to 49.7 billion yuan from 53.7 billion yuan, the company's earnings report said.
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