GengSheng refractory sales fall

By Mark Watts
Published: Thursday, 12 August 2010

Chinese producer reports 50% drop in Q2 profit on lower refractories sales

Chinese refractories and proppants producer, GengSheng Minerals Inc., reported 50% lower profits in Q2 2010 as refractory sales slipped from same period last year.

Net income dropped to $1m. from $2m. in Q2 2009, while sales...

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