Beijing Lier returns to profitability in 2016
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...