Xinhua Holdings Limited Reports Consolidated Earnings Results for the Six Months Ended June 30, 2015; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2015
Xinhua Holdings Limited reported consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported net sales of $1.713 million against $1.586 million a year ago. Operating loss was $1.484 million against $1.645 million a year ago. Ordinary loss was $1.716 million against $2.281 million a year ago. Net loss was $1.694 million or $0.65 per basic share against $1.760 million or $0.965 per basic share a year ago.
For the year ending December 31, 2015, the company expects consolidated net sales of $3.493 million, operating loss of $2.975 million, ordinary loss of $4.339 million and net loss of $4.293 million or $1.66 per basic share.