Shanghai: CSSC Jiangnan Heavy Industry has forecast a weak performance in the first half of 2013.
First half losses are expected to reach RMB60m, compared with a net profit of RMB2.42m for the same period in 2012, the company said in a statement.
Declining shipbuilding prices and few new orders have lead the company to make a loss, Jiangnan Heavy Industry said. [24/06/13]
