Chongqing Iron & Steel Expects H1 Loss to Narrow; Shares Fall 3%

MT Newswires Live
15 Jul

Chongqing Iron & Steel (HKG:1053) said it expects its H1 loss to narrow year over year, according to a Hong Kong bourse filing Monday.

Shares of the iron and steel manufacturer fell over 3% in afternoon trade Tuesday.

The company expects attributable loss of 120 million yuan to 140 million yuan for the six months ended June 30, down from 689 million yuan in losses posted in the same period last year.

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