Sanergy Group (HKG:2459) expects to book a maximum loss attributable to owners of $16.5 million for the six months ended June 30, wider than the $4.2 million logged in the same period last year, a Tuesday filing with the Hong Kong Exchange said.
The company attributed the increase in loss to suppressed market price, especially for graphite electrodes, and an increase in average unit cost of sale.
The company's shares were down over 1% in recent trade.
Price (HKD): $20.75, Change: $-0.25, Percent Change: -1.19%
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