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Xiamen Tungsten guides 2015 net loss at RMB630 mln

BEIJING
2016-01-21 08:44

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Xiamen Tungsten (600549.SH) announced recently that it is expected to suffer a net loss of about 630.59 million yuan in 2015 due to sluggish prices of its tungsten and rare earth products.

In 2014, the company earned a net profit of 441.12 million yuan. According to a filing to the stock exchange, its operating revenue went down 23.54 percent year on year to be 7.75 billion yuan in 2015.

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