10 AUGUST 2012channelnewsasia.com
Xinren Aluminum Holdings expects lower revenue for H1
Edited by : AL CIRCLE
1 min read
Xinren Aluminum Holdings expects its overall revenues and earnings to be significantly lower for the first half of 2012, compared to the previous year.
In a stock exchange filing, Xinren said that was due to the challenging global economic conditions, as well as the overall decrease in the average selling price and sales volume of aluminium products.
In addition, it said the increase in the costs of electricity and lower trading margin to total sales will also affect its financial performance.
In a stock exchange filing, Xinren said that was due to the challenging global economic conditions, as well as the overall decrease in the average selling price and sales volume of aluminium products.
In addition, it said the increase in the costs of electricity and lower trading margin to total sales will also affect its financial performance.
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