Xibei Bearing Posts Loss Of 150M Yuan In 2010

Resource from: CBCC Likes:3067

Apr 21,2011

April 19 -- Xibei Bearing (000595) reported a loss of 156 million yuan in 2010, with losses per share of 0.72 yuan. Due to intense market competition and higher raw material prices, orders of petroleum equipment bearings fell in 2010, the company said. Since Xibei Bearing has operated at a loss for two consecutive years, its stock will be placed into the special treatment category on April 20, and its stock price daily fluctuation will be limited to five percent after that.

(CBCC)

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