Shagang expects net loss in range of RMB 57-68 million for H1

Tuesday, 07 July 2015 12:08:50 (GMT+3)   |   Shanghai
       

Jiangsu Province-based Chinese steelmaker Shagang Co., the listed subsidiary of Shagang Group, has issued its financial performance forecast for the first half of the current year, foreseeing a net loss in the range of RMB 57-68 million ($9.19-10.96 million). In the January-June period last year, the company had recorded a net profit of RMB 34.9636 million.

In the first quarter this year, Shagang’s operating revenue amounted to RMB 1.805 billion ($0.29 billion), down 26.88 percent year on year, while its net profit totaled RMB 1.4068 million ($0.227 million), decreasing by 62.60 percent year on year. 

Similar articles

Shagang’s net profit down 73.88 percent in Q1

24 Apr | Steel News

Jiangsu Shagang expects 50-64 percent drop in net profit for 2019

24 Oct | Steel News

Jiangsu Shagang sees 56 percent decline in net profit in H1

16 Aug | Steel News

Shagang Group posts gross profit of RMB 5.05 billion for 2016

24 Jan | Steel News

Shagang Group sees 11 percent fall in operating revenue in Jan-Sept

21 Oct | Steel News

Shagang Co. Ltd expects 20-50 percent rise in net profit for 2014

29 Jan | Steel News

Shagang Group’s net profit doubles in January-October

11 Dec | Steel News

Shagang sees sharp rise in net profit in January-September

30 Oct | Steel News

Shagang achieves net profit of RMB 34.96 million in H1

27 Aug | Steel News

Shagang achieves increased profit in 2013

25 Feb | Steel News