Flat Glass Warns of H1 Loss

MT Newswires Live

07/14

Flat Glass (HKG:6865, SHA:601865) expects an attributable loss of between 300 million yuan and 400 million yuan for the six months ended June 30, compared with an attributable profit of 261.1 million yuan a year prior, according to a Tuesday bourse filing.

The solar glass manufacturer attributed the forecast to operational pressure on its photovoltaic glass business wing, as well as the expected recognition of impairment provisions related to glass furnaces undergoing cold repair and certain photovoltaic glass inventories.

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