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XINING SPECIAL STEEL PREDICTS OVER 90% DIVE IN 08 NET
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AsiaInfo Services
04-08-2009
Xining Special Steel Predicts over 90% Dive in 08 Net
XINING, Apr 08, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chinese special steel producer Xining Special Steel Co., Ltd. (SHSE: 600117) has just revised the expectation of its financial results for 2008, saying that its 08 net profit would slump over 90% but would not swing to red.
Previously, the Shanghai-listed special steel producer predicted that it would incur a loss in 2008. The prices of raw materials it stored underwent a sharp decrease amid the domestic economic recession.
Xining Special Steel ...
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