Delong flags reduced Q1 profit on lower selling prices, higher costs
May 02, 2019 8:58 AM SINGAPORE - Chinese steelmaker Delong Holdings said on Thursday morning (May 2) that it expects to report a lower first-quarter net profit for the three months ended March 31, mainly due to a decrease in the average selling prices of products as well as higher cost of sales per tonne.
Delong flags reduced Q1 profit on lower selling prices, higher costs
May 02, 2019 8:58 AM SINGAPORE - Chinese steelmaker Delong Holdings said on Thursday morning (May 2) that it expects to report a lower first-quarter net profit for the three months ended March 31, mainly due to a decrease in the average selling prices of products as well as higher cost of sales per tonne.