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Stainless steel products distributor Sin Ghee Huat warns of Q3 loss-The 17th China(Guangzhou)Int’l Metal &Meta
llurgy Exhibition
4/14/2016 Metal &Metallurgy expo |
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Singapore Business Times reported that stainless steel products distributor Sin Ghee Huat Corporation said that it is expected to make a loss for its third quarter ended March 31, 2016. The results will be announced on or before May 15, 2016.
For its half year ended Dec 31, 2015, net profit had more than halved to SGD 915,000 while revenue fell 7 per cent to SGD 27.9 million.
This was due to lower selling prices and weak demand, the company had said. Should the economy remain depressed, falling prices for stainless steel might lead to inventory impairments, it said then.
-The 17th
China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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