Asia
Fufeng Group Warns of Six-Month Loss or Significantly Lower Profit
Fufeng Group (HKG:0546) expects a possible loss or a significant decline in post-tax profit for the six months ending June 30, compared with profit of 1.79 billion yuan a year prior, according to a Wednesday stock exchange filing.The chemical manufacturing company attributed the forecast to an USD/RMB depreciation and weak selling prices of its products. For the five months ended May 31, the company recorded an after-tax loss of approximately 53 million yuan.
HKG:0546
