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Article: BENGANG STEEL PLATES FORESEES CNY400-900MN LOSS FOR H1
- Article from:
- AsiaInfo Services
- Article date:
- June 26, 2009
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AsiaInfo Services
06-26-2009
Bengang Steel Plates Foresees CNY400-900mn Loss for H1
BENXI, Jun 26, 2009 (SinoCast Daily Business Beat via COMTEX) -- Bengang Steel Plates Co., Ltd. (SZSE: 000761) predicted that its net profit would be negative CNY 400 million to negative CNY 900 million in the first half of 2009.
It will mean a slump of 140% to 190% from about CNY 1.015 billion a year earlier. Its earnings per share (EPS) are estimated to be minus CNY 0.13 to minus CNY 0.29, compared with CNY 0.32 for the first half of last year.
The continuous low prices of its products and a low price decrease in fuel and raw materials will bring about an operating loss in the first six months of this year, ...