Shougang Concord Century Holdings Ltd. announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported revenue of HKD 683,143,000 against HKD 900,222,000 a year ago. Loss before tax was HKD 195,627,000 against HKD 39,676,000 a year ago.

Loss for the period was HKD 194,562,000 against HKD 38,397,000 a year ago. Basic and diluted loss per share was 10.12 cents against 2.00 cents a year ago. LBITDA was HKD 95,381,000 against EBITDA of HKD 70,815,000 a year ago.

Adjusted EBITDA was HKD 11,017,000 against HKD 77,303,000 a year ago. Net asset value per share was HKD 0.872. The group net loss increased by 406.7%, which was mainly attributable to the decrease in sales volume, a significant decline in average selling price of steel cords and the recognition of impairment loss in respect of property, plant and equipment during the first half year.