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Angang Steel Posts Surge In Q3 Profit


Angang Steel Co (OTC: ANGGY) reported a strong rise in its net profit for the third quarter.

Angang Steel's quarterly profit surged to 346 million yuan ($56.6 million), versus a year-ago profit of 63 million yuan. EPS jumped to 0.048 in the quarter.

Its revenue slipped 1.2% to 19 billion yuan from 19.24 billion yuan.


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