Chongqing Chang'an Automobile forecasts loss up to 373 mln USD in Q1

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Shares of Chang'an closed 5.47 percent lower at 9.5 yuan Monday in Shenzhen as the Shenzhen Composite Index fell 0.78 percent to close around 10,053.76.

In a filing to the Shenzhen Stock Exchange, Chang'an said it reversed to the loss from a net profit of 1.39 billion yuan in the first three months in 2018 and attributed the loss to poor sales.

BEIJING, April 15 (Xinhua) -- Chongqing Chang'an Automobile Co. Ltd., a leading Chinese automobile manufacturer and listed arm of Chang'an Automobile Group, Monday expected to report a loss of 1.7 billion yuan to 2.5 billion yuan (253.5 million to 372.8 million U.S. dollars) for the first quarter of 2019.