Xiamen Tungsten Stock Values

Jul. 18, 2012 01:28PM PST

SteelGuru reported Xiamen Tungsten Co Ltd (SHA:600549) saw a decrease in net profit attributable to shareholders of 28.81%.

As quoted in the market news:

Basic earnings per share for the period were CNY 0.48 less than CNY 0.67 it realized in the same period of 2011.
In a statement filed with Shanghai Stock Exchange, the tungsten producer said that the decline of net profit is mainly due to the weak demand.

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