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GCL-Poly Sees 1st-Half Profit as Costs Fall After Loss Last Year

July 25 (Bloomberg) -- GCL-Poly Energy Holdings Ltd., the biggest maker of polysilicon, expects profit of at least HK$800 million ($103 million) in the first half as output costs fall.

That’s a turnaround from a loss of about HK$917 million a year earlier, according to a Hong Kong stock exchange filing. Cost cuts led to an increase in sales, the company said. GCL-Poly expects to report first-half results next month.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Tony Barrett, Alex Devine

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