Aowei Holding (HKG:1370) said it expects to post a loss attributable to shareholders of up to 90 million yuan for the six months ended June 30, widening from 50.6 million yuan a year earlier, according to a Thursday Hong Kong bourse filing.
Shares of the iron ore mining firm were down over 1% in late-morning trade on Friday.
The company cited the expected loss to the suspension of mining at a subsidiary's open-pit iron mine and a drop in iron ore concentrate prices.
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.