China Hanking Holdings Limited announced that based on a preliminary assessment on the unaudited consolidated management accounts of the group, the board of directors of the company expected to record a loss for the six months ended 30 June 2015 as compared with the profit for the six months ended 30 June 2014. Such loss was mainly attributable to a decrease of approximately 35.3% in the average selling price of iron ore concentrates for the six months ended 30 June 2015 as compared with that for the corresponding period in 2014.
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