IRICO Group New Energy (HKG:0438) said it expects to swing to a loss in H1, according to a Hong Kong bourse filing Monday.
The solar panel glass manufacturer expects attributable loss of 290 million yuan to 320 million yuan for the six months ended June 30, compared to a profit of 4.2 million yuan a year earlier.
The firm also expects its H1 revenue to decrease around 25% to 27% year over year to 1.50 billion yuan to 1.53 billion yuan.
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