Prospectus

 
China Railway Corp suffered an after-tax loss of 6.88 billion yuan (HK$8.7 billion) in the first quarter. Photo: Bloomberg

China Railway suffers first-quarter loss, bond sale prospectus shows

China Railway Corp, the spin-off from the now-defunct Chinese Ministry of Railways, suffered an after-tax loss of 6.88 billion yuan (HK$8.7 billion) in the first quarter, compared with an after-tax profit of 196 million yuan for the whole of 2012, according to its first bond prospectus.