Rising colored semi-annual deficit of rare earth prices fell sharply

Despite the recent rare earth stocks bullish, but the performance of listed companies is very ugly, and resources in Sheng net profit to drop after the Rising colored the 13th said that involvement in the rare-earth prices fell sharply, the company's semi-annual performance loss of nearly 70 million yuan . However, due to the acquisition of assets in progress, shares remain suspended.

Rising colored released results of Letters show that the first half of 2013, total revenue of 495 million yuan, down 55.94%. Attributable to shareholders of listed companies net loss of 69.2241 million yuan, down by 835.63%.

For this ugly financial data, Rising colored, said the main reason for decline in operating performance is affected by macroeconomic fluctuations downstream operating rate is less, demand for both domestic and foreign markets continued recession.


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