GCL-Poly Sees 1st-Half Profit as Costs Fall After Loss Last YearBloomberg News
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.
— With assistance by Feifei Shen