Shanshui Cement expects first-half loss to narrow

China-based Shanshui Cement expects that the group will continue to record a net loss for the six months ended 30 June 2017. However, the loss is expected to narrow compared with the corresponding period of 2016 mainly due to the increase in average selling prices.

In addition, the Jinan government is assisting the company to restructure the board of directors and senior management of Shandong Shanshui and to resolve the illegal occupation of the properties of Shandong Shanshui by its former senior management. The government is proactively encouraging various shareholders of the company to resolve the disputes in a cooperative, reconcilable, and an accountable manner.  (Source: AAStocks Financial News)