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Chinese Shougang posts net losses in Q1
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Reportedly, Shougang, one of the major steelmakers in China announced its financial result for the Q1.
Shougang reported that it achieved the operating revenue of US$463.8 million in the Q1, down by 18% year on year and its net loss was at US$23.97 million, in comparison of a net profit of US$5.06 million in the same period of a year ago.
Furthermore, Shougang expected a net loss of US$39.68~US$55.56 million for the first half of this year, in comparison of a net profit of US$48.57 million in the same period of the previous year.
News Date
4/26/2012 12:19:59 AM
reported by
Jacky Huang
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