It has warned investors it may end up posting a loss for the first nine months of 2005. For the six months to end June 2005, sales reached 2.89bn yuan (£193.8m), substantially down on the 4.188bn yuan (£286.8m) achieved in the same period a year ago. Net profit tumbled 67%to 474m yuan (£32.5m).
Shanghai profits halve in second quarter
22/08/2005 in Latest News