Rongsheng warns of full year loss

Hong Kong: China’s biggest private shipbuilder, China Rongsheng Heavy Industry said that the company is expected to post a full year profit loss.

"The company believes that the net loss is primarily attributable to the decrease in revenue as a result of the company's conservative sales strategy under the current trough stage of the shipbuilding market," Rongsheng said in a statement.

The shipbuilder suffered a workers strike this year due to delayed salaries and had to ask help from the government. [05/12/13]

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