Shandong Haihua posts 2016 loss; expects Q1 recovery

By Albert Li
Published: Wednesday, 12 April 2017

Chinese soda ash producer Shandong Haihua expects higher prices to boost profits in Q1 2017 as it works to recover losses incurred in 2016 following the production stoppage at its Weifang plant.

Shandong Haihua Co., a leading soda ash company in China, expects Q1 profits to increase 140 times to Chinese renminbi (Rmb) 275.3-276.2 million ($39.9-40m) due to higher soda ash sales and prices.

This comes as the company recorded a loss of Rmb 123.09 million in 2016 on...

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