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Sinosteel Jilin Carbon Co Ltd Announces FY 2013 Net Profit Outlook

Sunday, 20 Oct 2013 08:00pm EDT 

Sinosteel Jilin Carbon Co Ltd announced that it expects its net profit for the fiscal year (FY) 2013 to be RMB -370 million, compared to the net profit of the same period in FY 2012 (RMB - 179.97 million). The Company cited the downturn of down stream industries of iron and steel industry and increase of fuel prices as the main reason for the forecast. 

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