Hunan Valin Steel expects to return to profit in H1
Tuesday, 15 July 2014 09:41:33 (GMT+3)
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Shanghai
In its preliminary financial report for the first half of the current year, Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has announced that it expects to record a net profit of RMB 10-30 million ($1.63-4.89 million) for the given period, with earnings per share of RMB 0.0033-0.0099. During the same period last year, the company registered a net loss of RMB 383.4742 million, with a net loss per share of RMB 0.1272.
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