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Xiangtan Electrochemical Continued to Loss Money in Q3, 2014

Thursday, October 30, 2014
Source:ferro-alloys.com

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Keywords:EMM，Mn

[Fellow]]Xiangtan Electrochemical Scientific Ltd.(Xiangtan Electrochemical) published its financial report of Quarter 3, 2014 recently. Its

[Ferro-alloys.com]Xiangtan Electrochemical Scientific Ltd.(Xiangtan Electrochemical) published its financial report of Quarter 3, 2014 recently. Its revenue reached RMB 0.199 billion (USD32.1million) in Quarter 3, up 11.56% year-on-year and the loss was RMB 7.39 million (USD1.19million). Net loss after irregular items was RMB 14.9 million.

According to the report, its old EMD factory stopped production in September 2014. The new EMD line was predicted to be put into production in mid-December 2014.

[Editor:Mike.zhang]

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