Union Steel Holdings, the recycler of steel and scrap metal, announced that the group expects a net loss in the FY2015 ended June 30.
This is mainly attributable to the slowdown in market demand for its steel products. In addition, as a result of the continuous fall in steel prices, the company has written down values of its stock accordingly.
The group is still in the process of finalising its unaudited financial results for FY2015 and further details will be disclosed when it finalises and announces its results on or after Aug 25, 2015.
Union Steel Holdings shares closed flat at 10.8 cents.
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This is mainly attributable to the slowdown in market demand for its steel products. In addition, as a result of the continuous fall in steel prices, the company has written down values of its stock accordingly.
The group is still in the process of finalising its unaudited financial results for FY2015 and further details will be disclosed when it finalises and announces its results on or after Aug 25, 2015.
Union Steel Holdings shares closed flat at 10.8 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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