Angang Steel (SHE:000898) posted first-quarter net loss attributable to shareholders of 554 million yuan, narrowing 67% from a loss of 1.66 billion yuan the previous year.
Loss per share moderated to 0.059 yuan from 0.177 yuan, according to a filing with the Shenzhen bourse.
The steel producer's revenue declined 9.9% year over year to 25.1 billion yuan from 27.8 billion yuan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.