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Article: BAOJI TITANIUM PREDICTS OVER 50% FALL IN Q1 NET
- Article from:
- AsiaInfo Services
- Article date:
- April 8, 2009
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AsiaInfo Services
04-08-2009
Baoji Titanium Predicts Over 50% Fall in Q1 Net
BAOJI, Apr 08, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chinese metal producer Baoji Titanium Industry Co., Ltd. (SHSE: 600456) predicted that its net profit would drop more than 50% in the first quarter of 2009.
The drop is ascribed to the shrinking demand for its major products, the narrowing number of contracts for export, the markdown of some major products, and the year-on-year fall in both operating revenue and gross profit margin.
Notably, the Shanghai-listed company reaped net profit of over CNY 103.79 million and earnings per share of CNY 0.24 in the first three months of last year.
In the first ...