Gansu Province-based Chinese steelmaker Jiuquan Iron and Steel Group (JISCO) has announced that it expects to record an operating revenue of RMB 7.5 billion ($1.14 billion) for May this year, while it expects to register a net profit of RMB 200 million ($30.37 million) for the month in question.
JISCO stated that it had registered a net profit of RMB 350 million for April this year, following the net losses recorded in the previous 14 consecutive months.