Metalnewsnet 23 Apr ： It is reported that Hunan Valin Steel Co Ltd recently predicted that it will suffer a loss of about CNY 260 million to CNY 290 million in the Q1 of the year.
The main reason behind the huge loss, based on the company statement, is the significant surge in raw material price, and the lagging steel price rise, though, coming far less than that in raw material. In the same period of 2009, the company registered a deficit of CNY 386 million with earnings per share reported minus CNY 0.0899.
It closed at CNY 6.54 per share last Friday up by 1.55%.
(from p5w) |
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