Lingyuan Steel lost 18.6 million yuan in Q1

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Publish time: 17th April, 2012      Source: ChinaCCM
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The operating revenue for Lingyuan Steel in the first quarter was 2.809 billion yuan, with 12.21% decrease year-on-year, while the net profit lost 18.6 million yuan.

Lingyuan Steel expressed the continuous sluggish steel market is the main cause of the loss.