China's SEG Samsung Sees H1 Loss Widening To 165 Mln Yuan On Falling Prices

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)

600450 China's SEG Samsung Sees H1 Loss Widening To 165 Mln Yuan On Falling Prices glassonweb.com
Date: 18 July 2007
Source: Forbes.com

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