Orbite losses deepen in Q1

By Davide Ghilotti
Published: Tuesday, 16 May 2017

The high-purity alumina (HPA) manufacturer saw its net loss in Q1 increase amid ongoing struggle to secure its financial position and remain in business.

Canadian high-purity alumina (HPA) producer Orbite Technologies Inc. reported a net loss of $3.9m in the first quarter of the year, as the company remains in a stay of proceeding while it seeks ways to restructure its debt.

The net loss increased by $2.2m, mainly on the back of...

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