Baoti Group predicts losses of RMB20 million for Q1 of 2015
2015-04-17 14:00:00 [Print]
On April 15th, Baoti Group announced its preliminary results for Q1 of 2015. According to the preliminary calculation by the finance department in Baoji Titanium Industry Company Limited, the group predicted losses for Q1 of 2015. Net profits attributable to stockholders will be negative RMB20 million, while the net profits was RMB1.61 million in the same period last year.
According to the company, the main reasons for losses were that the average prices of leading products went down as a result of weak demand and fierce competition. In addition, the company’s projects were turned into fixed assets, which increased the depreciation charges in Q1 of 2015.
According to the company, the main reasons for losses were that the average prices of leading products went down as a result of weak demand and fierce competition. In addition, the company’s projects were turned into fixed assets, which increased the depreciation charges in Q1 of 2015.
Titanium Slag TiO2 74%min EXW China
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China titanium sponge producers' sales volume statistics by province by month
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