Shougang expects significant net loss for 2015

Friday, 05 February 2016 10:44:14 (GMT+3)   |   Shanghai
       

Beijing-based Chinese steelmaker Shougang Iron and Steel Co. (Shougang) has announced in its preliminary financial report for 2015 that it expects to record a net loss in the range of RMB 800 million-1 billion ($121.59-151.98 million) for the year, compared to a net profit of RMB 62.6438 million in 2014.
 
Shougang stated that slack demand from downstream users and the ongoing declining trend of finished steel prices caused it to incur a net loss in the given year.

Similar articles

Shanxi Coking Coal’s net profit down 39.66 percent in Jan-Sept

26 Oct | Steel News

Shanxi Coking Coal’s net profit down by 29.43 percent in H1

08 Aug | Steel News

Wujin Stainless Steel’s net profit estimated to be RMB 185 million in Jan-Jun

12 Jul | Steel News

Chinese steel enterprises’ losses amount to RMB 4.84 billion in Q1

27 Apr | Steel News

Shanxi Coking Coal posts net profit of RMB 2.47 billion for Q1

26 Apr | Steel News

Shagang’s net profit down 73.88 percent in Q1

24 Apr | Steel News

Nanjing Steel’s operating revenue down 7.69 percent in 2022

29 Mar | Steel News

Shanxi Coking Coal Energy Group posts net profit of RMB 5.694 billion for 2022

28 Mar | Steel News

Chinese steel enterprises’ profits down 151.1 percent in Jan-Feb

27 Mar | Steel News

China Shenhua Energy posts a net profit of RMB 69.63 billion in 2022

27 Mar | Steel News