Solartech International Holdings (HKG:1166) expects a loss attributable to the owners of about HK$87 million to HK$93 million for the six months ended June 30, compared with a loss of about HK$176.8 million the previous year, according to a Friday filing on the Hong Kong bourse.
The company attributed the expected decrease to higher turnover and gross profit, the reversal of impairment loss on mining rights, and the deferred tax credit for the current period compared with the corresponding period of the previous year.
The company plans to publish its final results on Sept. 28.
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