Thursday, 14 Jul 2011 08:00pm EDT

Hubei Golden Ring Co., Ltd. (000615.SZ)announced that it expects a loss of RMB 45-55 million for the first half of fiscal year 2011, compared to that of same period last year (RMB -19,292,900). The Company cited the high price of raw materials as the main reason for this forecast.

Source:Reuters