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Home / Metal News / China Zhongwang Blames Loss on Trade Frictions 

China Zhongwang Blames Loss on Trade Frictions 

iconAug 25, 2017 17:52
Source:SMM
China Zhongwang Holdings attributed the decline in its profit in H1 2017 partly to trade frictions between China and the US.

SHANGHAI, Aug. 25 (SMM) –China Zhongwang Holdings attributed the decline in its profit in H1 2017 partly to trade frictions between China and the US.

East Hope Stops Offering Alumina on Bauxite Shortage, SMM Learns

The company reported $164 million in net profit attributable to shareholders of its listed company, down 20.24% year-on-year. 

Rusal Optimistic over Aluminum Outlook in H2 2017 on Tight Supply in China

As a result, its shares on Hong Kong Stock Exchange fell 15%, the biggest decline in nearly two years. 

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China Zhongwang
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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