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Shanghai Material Trading Co Ltd Announces FY 2012 Net Loss Outlook

Friday, 25 Jan 2013 07:00pm EST 

Shanghai Material Trading Co Ltd announced that it expects its net loss for fiscal year (FY) 2012 to be approxiamtelyRMB 550 million, compared to the net profit of FY 2011 (RMB 106,274,700). The Company cited the decreased market price and the provision for inventory depreciation as the main reasons for the forecast. 

Company Quote

0.01 +0.08%
19 Sep 2014