Market News
Chinese Shougang posts net losses in Q1
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 Betty Wang