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Shougang Fushan Resources Group Ltd Comments On H1 2013 Profit Guidance

Monday, 15 Jul 2013 05:45am EDT 

Shougang Fushan Resources Group Ltd announced that for first quarter of 2013, it expects to record a substantial decline in its consolidated profit as compared to first half of 2012. Such decline is mainly attributable to the drop in the average realised selling prices of the Group’s principal products, that is raw and clean coking coal, by more than 30% in the first half of 2013, when compared to first half of 2012, following slump in market coal prices. 

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0.02 +1.19%
24 Dec 2014