Baoshan net profit fell by 61 percent in the first half of 2013

The net profit of the largest metallurgical company in China Baoshan Iron & Steel decreased in the first half of 2013 by 61 percent and amounted to 3 billion 700 million yuan or 604 million 500 thousand dollars. This is stated in the company's report for investors of the Shanghai Stock Exchange.

Meanwhile, the financial result of Baoshan turned out to be higher than the forecast level of analysts, waiting for the company's net profit of not higher than 3 billion 460 million yuan.