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.
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.