From Chinese Media

Baosteel boosts profit in 2010

Updated: 2011-01-13 15:25

By Gao Yuan (

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Baosteel Co Ltd, China's biggest-listed steelmaker, said its net profit attributable to shareholders was 12.8 billion yuan in 2010, a 120-percent year-on-year increase, the National Business Daily reported Thursday, citing the company's performance briefing.

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According to the report, Baosteel realized 0.73 yuan earnings per share and a 5.98 yuan net asset value per share in the last year.

In addition, the report also said the company's bonus-distribution deal hasn't been finalized at present, yet the proportion would not go lower than 40 percent of the annual net profit.

Baosteel would spend no less than 5.1 billion in bonus awards, which equals to 2.9 yuan of dividends for every ten shares, the report estimated.


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