Xinyi Glass (HKG:0868) expects a 55% to 65% decline in attributable profit in the first half from 2.51 billion yuan a year prior, a Friday Hong Kong bourse filing said.
The firm attributed the anticipated lower profit mainly to a lower revenue and gross profit from its float glass business, a decline in profit contribution from associate Xinyi Solar (HKG:0968), and a higher impairment loss from idle production facilities in China, among other factors.
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