Valin Group estimates net loss of RMB 163-183 million for Jan-Sept

For the first nine months of the current year, Hunan-based Chinese steelmaker Valin Group has estimated a net loss for its listed companies amounting to RMB 163.56-183.56 million ($25.76-28.91 million).

However, Valin Group estimates its listed companies will achieve a net profit of RMB 34.87-54.87 million ($5.49-8.64 million) for the third quarter of this year.