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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Saturday, October 18, 2008
Sichuan Hongda Says 9-Month Profit May Fall 90% on Zinc, Lead
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