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BRIEF-Xiwang Special Steel Sees Decline In HY Net Profit By About 60% To 70%

Aug 19 (Reuters) - Xiwang Special Steel Co Ltd:

* EXPECTS TO RECORD A DECLINE IN NET PROFIT BY APPROXIMATELY 60% TO 70% FOR SIX MONTHS

* GROUP EXPECTS TO RECORD A DECLINE IN NET PROFIT BY APPROXIMATELY 60% TO 70% FOR SIX MONTHS

* EXPECTS TO RECORD A DECLINE IN NET PROFIT BY APPROXIMATELY 60% TO 70% FOR SIX MONTHS ENDED 30 JUNE 2019

* EXPECTED RESULT DUE TO RAPIDLY RISING PRICES OF RAW MATERIALS AND FUELS Source text for Eikon: Further company coverage: