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2014 SHENZHEN COSHIP : Q3 Loses Money
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Shenzhen Coship Electronics : Q3 Loses Money

10/28/2014 | 05:04am US/Eastern

SHENZHEN, October 28, SinoCast -- Shenzhen Coship Electronics Co., Ltd. (SZSE: 002052) revealed operating revenue of CNY 424 million in the third quarter, declining 10.03% from a year earlier. Net loss reached CNY 87.5 million, slumping 2988.38%. The company harvested gross operating revenue of CNY 1.129 billion in the first three quarters, when net loss was CNY 243 million, respectively lessening 18.03% and 1372.77%. The company expected turnaround in the third quarter whole full year loss ranged between CNY 240 million and CNY 250 million.

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