Home / Metal News /  / Zhongfu Industrial Expects to Reverse Loss in 2014 on Falling Power Cost
Zhongfu Industrial Expects to Reverse Loss in 2014 on Falling Power Cost
Feb 11, 2015 15:02CST
Source:SMM
Henan Zhongfu Industrial Co. expects to reverse losses in 2014 by posting 15-45 million yuan ($2-7 million) in net profit attributable to shareholders of its listed company.
SHANGHAI, Feb. 11 (SMM) – Henan Zhongfu Industrial Co. expects to reverse losses in 2014 by posting 15-45 million yuan ($2-7 million) in net profit attributable to shareholders of its listed company, it said in a statement filed to the Shenzhen Stock Exchange. 
 
The company attributes the expected profit to falling power costs and government subsidy for closure of outdated power generating units. 
 
It suffered a net loss of 848.64 million yuan in 2013, it added.
 
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
Henan Zhongfu Industrial Co.
2014 FY results

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All