Zoomlion Heavy Industry Science and Technology Co Ltd (000157.SZ)
9 Dec 2016
SINGAPORE, Oct 13 Chinese heavy equipment manufacturer Zoomlion has begun a gradual recovery from a punishing downturn, it said on Thursday, even as it announced widening net loss for the first nine months of the year.
HONG KONG China's Zoomlion Heavy Industry Science and Technology Co Ltd warned its first-half net loss would more than double due to weak demand for construction machinery and unfavorable currency rates, pushing its shares lower on Friday.
* Industry facing unprecedented glut of unsold equipment (Add details, background)
HONG KONG, July 15 China's Zoomlion Heavy Industry Science and Technology Co Ltd said its first-half net loss would be more than double what it reported the same period last year due to weak demand for construction machinery.