SHANGHAI: China’s Qinghai Salt Lake Potash Co Ltd, the country’s largest producer of potash, has forecast its third consecutive annual loss, an outcome that could result in the company’s delisting from the Shenzhen Stock Exchange.
In a stock exchange filing last Saturday, the state-owned firm forecast an operating loss for the fiscal year ended Dec 31,2019, but clarified that its financial data related to its performance forecast was still not audited.Investors in the company include oil-and-chemical conglomerate Sinochem Group.
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