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Shandong Iron's Q1 net loss widens to 332.9M yuan

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Shandong Iron's Q1 net loss widens to 332.9M yuan

said May 4 that net loss attributable to shareholders widened to 332.9 million Chineseyuan, or 3.95 fen per share, in the first quarter.

Thiscompares to net loss of 190.0 million yuan, or 2.95 fen per share, posted .

Operatingincome dropped 15.46% year over year to 10.38 billion yuan.

The companyproduced 490,300 tonnes of steel bars, 347,900 tonnes of plates and strips and 1.0million tonnes of other steel products in the first quarter.

As of May 3, US$1 was equivalentto 6.49 Chinese yuan.