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BRIEF-Tianqi Lithium Sees Narrower H1 Net Loss From Year Earlier

Published 27/04/2021, 11:21 pm
© Reuters.

April 27 (Reuters) - Tianqi Lithium Corp 002466.SZ :

* SAYS 2020 NET LOSS NARROWS TO 1.8 BILLION YUAN ($277.62 million) FROM 6.0 BILLION YUAN YEAR EARLIER

* SAYS Q1 NET LOSS NARROWS TO 247.9 MILLION YUAN FROM 500.3 MILLION YUAN YEAR EARLIER

* SAYS IT SEES NARROWER 6-MONTH NET LOSS OF 130-250 MILLION YUAN FROM 696.6 MILLION YUAN YEAR EARLIER

* SAYS ITS TOP PRIORITY FOR 2021 IS TO REDUCE DEBTS AND LOWER LEVERAGE

* SAYS PROGRESS ON ITS KWINANA LITHIUM PROCESSING PLANT IN AUSTRALIA NOT GOING AS EXPECTED

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