Liuzhou Iron and Steel Co. (601003.SH) said on late Thursday that it is expected to incur a net loss of about 1.132 billion yuan in 2015.
The steelmaker earned a net profit of 169 million yuan in 2014. According to a filing to the stock exchange, the company's operating revenue in 2015 fell 27.26 percent year on year to stand at 25.909 billion yuan.
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