Economic Calendar

Saturday, October 18, 2008

Sichuan Hongda Says 9-Month Profit May Fall 90% on Zinc, Lead

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By Helen Yuan

Oct. 18 (Bloomberg) -- Sichuan Hongda Chemical Industry Co., China's third-largest zinc producer, said profit probably fell by more than 90 percent in the first nine months of this year from a year earlier because of a slump in metal prices.

The Chengdu, Sichuan province-based company didn't give profit details today in a statement to the Shanghai stock exchange. It posted a profit of 650 million yuan ($95 million) in the same period of 2007.

To contact the reporter for this story: Helen Yuan in Shanghai at hyuan@bloomberg.net


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