The post-tax profit of Capital Iron & Steel Group, or Shougang, rose a year-on-year 60.93 per cent in the first half of this year to hit 153 million yuan (about $142.08 million), a company official said yesterday. Shougang's group sales reached 11.6 billion yuan in the first half, up 7.15 per cent from a year earlier, the official said. Profits at the group's main subsidiary reached 413 million yuan in the period but losses in other operations cut into the group's bottom line, he said. The sales-to-production ratio reached 100.2 per cent, he said but gave no comparative figures and declined to give further details. Shougang has reported a pre-tax profit of 324 million yuan for last year.