Group revenue for continuing operations fell 5% to $9.5 million from $10 million in 1Q17 due to a lower quantity of P4 sold as customers were affected by pollution controls, according to AsiaPhos in its filing on Thursday.
SINGAPORE (Apr 26): AsiaPhos has reversed into the red in 1Q18 with a loss of $0.7 million for 1Q18 compared with earnings of $0.1 million a year ago on lower margins.
As AsiaPhos is currently engaged in a legal dispute with China’s Sichuan provincial government regarding its mining operations there, the results of the group’s upstream segment have been reclassified under discontinued operations.
