BRIEF-Inner Mongolia Baotou Steel Union returns to profit uan in 2016, to buy assets

April 20 (Reuters) - Inner Mongolia Baotou Steel Union Co


* Says it returns to net profit of 85.0 million yuan

($12.35 million) in 2016 versus net loss of 3.3 billion yuan

year ago

* Says it plans to buy engineering related assets for 711.3

million yuan

Source text in Chinese:;

Further company coverage:

($1 = 6.8828 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)