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Chongqing Iron year net turns black to Rmb320m; no div


  Chongqing Iron & Steel (01053) said it reported
a net profit attributable to shareholders of Rmb320 million for the year ended 31 December
2017, as compared to the net loss of Rmb4,686 million for the previous financial year.
  Basic and diluted earnings per share were Rmb0.04.
  Operating income amounted to Rmb13,237 million, an increase of 199.82% from a year 
earlier.
  During the reporting period, the Group adjusted its production and operation mode from 
processing on order to self-producing and self-selling in line with the recovery of the
steel market, and recorded significant increases in the production and sales volume and
the selling prices of the steel products.
  No final dividend will be distributed.

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