China-based energy and polysilicon producer, GCL-Poly Energy Holdings, has said in a Hong Kong Stock Exchange filing that it expects to report a profit of over HK$800 million (US$103 million) for the first six months of 2014.
In the same period of 2013, GCL-Poly posted a net loss of approximately HK$917 million (US$118 million).
The company noted that the expected profits were due to production cost reductions and increased sales. The company has also been expanding wafer production to meet demand.
Financial results for the period are expected to be released in August, though a set date has not yet been released.