SICC Swings to Loss in H1

MT Newswires Live08-20 08:53

SICC (HKG:2631, SHA:688234) reported an attributable net loss of 58.6 million yuan for the first half, compared with a profit of 10.9 million yuan a year earlier.

The silicon carbide (SiC) substrates producer's loss per share stood at 0.12 yuan, compared with earnings per share of 0.03 yuan in the year-ago period.

Revenue increased 15% year over year to 913.6 million yuan for the six months ended June 30 from 793.8 million yuan, according to a Wednesday filing with the Hong Kong Exchange.

In a separate filing, the company said it recorded total asset impairment and credit impairment provisions of 30.1 million yuan for the period under review.

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