Anhui Mining report Q1 losses

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Publish time: 24th May, 2013      Source: ChinaCCM
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East China's Anhui province witnessed a sharp fall in profits of its energy industry in the first quarter, the Bureau of Statistics of Anhui Province announced yesterday.

Profits fell over 60% in the province's energy and new energy industries in the first three months, the bureau said, adding that Huaibei Mining Group and Huainan Mining Group posted a loss of more than 1 billion yuan. Maanshan Iron & Steel Group booked a net loss of 390 million yuan in the first quarter and Tongling Nonferrous Metals Group reported a 37% drop in its profits.