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GengSheng posts lower profit as revenue from proppants drop

16 August 2012

by Siobhan Lismore

Company selling more domestically; refractories sector sales down

Keywords: GengSheng Minerals, proppants, refractories, refractory, China, frac, ceramics

Chinese refractories and proppants producer GengSheng Minerals Inc said that a 28% year on year decrease in fracture proppant products in Q2 2012 meant gross profit slipped by $2.2m, to $3.1m.

The company was quick to add that it didn’t...

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