Due to deteriorating market conditions.
Singapore-listed Jiutian Chemical Group Limited warned shareholders that the group is expected to report a net loss for FY2015.
The loss was brought about by worsening market conditions in the second half which impacted both sales volumes and average selling prices of the group’s products. This eradicated profits booked in the first half of the year.
The group will unveil its full results on 19 February 2016.
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