Changjiang Fertilizer Holdings warns of worsening losses as plants shut

The board of Changjiang Fertilizer Holdings warned that the China-baseg group is expected to report a bigger loss in the third quarter.

As announced earlier, Changjiang has temporarily halted production at its plants in Xiangyin and Hanshou for the first half year and at its plant in Miluo for part of second quarter owing to a decrease in demand for its products.

"As there was no improvement in demand since then, the production activities in all our three plants continued to be halted for the whole of the third quarter of 2013, with no sales revenue generated in the third quarter," it said in a statement.

Further details will be disclosed when the company announces its third quarter results in due course.