Xibei Bearing expected loss of 29-40 million yuan in the first half

Resource from: CBCC Likes:86

Jul 15,2014

Xibei Bearing Co., Ltd. announced on July 14 that the expected losses of the company in January-June 2014 was in the range of 29 to 40 million yuan. The loss over the same period last year was 31.7364 million yuan. The company said the main reason for loss was due to the weak demand and less orders affected by the economic downturn at home and abroad.

(CBCC)

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