Chongqing Iron & Steel's Q3 Loss Widens as Revenue Falls 39%; Hong Kong Shares Slip 3%

MT Newswires Live

2024-11-01

Chongqing Iron & Steel's (HKG:1053, SHA:601005) attributable loss widened to 660.5 million yuan in the third quarter from 157.6 million yuan a year earlier.

Loss per share at the iron and steel manufacturer widened to 0.07 yuan from 0.02 yuan a year earlier.

Revenue from operations declined 39% year over year to 5.51 billion yuan, according to a Wednesday filing with the Hong Kong Exchange.

Shares slid 3% in Hong Kong and 2% in Shanghai during Friday's trading.

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