Beijing Lier returns to profitability in 2016

By Albert Li
Published: Monday, 15 May 2017

China’s largest refractory contractor to the steel sector returned to profitability after a net loss the previous year, as turnover posted a single-digit increase.

Beijing Lier High-Temperature Materials Co., the largest contractor and refractory service provider for steelmakers in China, announced a 7% increase in 2016 turnover to Chinese renminbi (Rmb) 1.88bn ($272.44m).

The company also bounced back from a 2015 net loss of Rmb 46.34m to a net profit of Rmb...

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