BEIJING (XFN-ASIA) - Shenzhen SEG Samsung Glass Co Ltd (SZA 000068) said it expects a first half net loss of 165 mln yuan, widening an earlier loss projection of 100-120 mln yuan, due to falling selling prices and demand, as well as rising raw material prices.
In the first half of 2006, the company posted a net profit of 3.396 mln yuan, or 0.004 yuan per share.
The company is scheduled to release audited financial results on Aug 16.
(1 usd = 7.58 yuan)