Orbite losses deepen in Q1
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