Delong Holdings Limited provided earnings guidance for the three months and twelve months ended December 31, 2015. The board of directors of the company is expected to report a net loss for fourth quarter 2015 and full year 2015. The expected net loss is mainly due to a sustained weakening in steel prices amid excess capacity in the steel industry, which resulted in intensified price competition among steel manufacturers in the PRC and higher cost of sales.
1st Jan change | Capi. | |
---|---|---|
-4.54% | 39.53B | |
+19.75% | 24.92B | |
-25.33% | 21.08B | |
+12.37% | 20.73B | |
+5.88% | 20.39B | |
-17.74% | 19.37B | |
+6.97% | 9.45B | |
-21.48% | 8.67B | |
-.--% | 7.79B |