CEFC reports a loss in Q3-2013 of RMB0.46mn…..earnings in 2013 are volatile…..but I am still keeping an eye on the stock Wednesday, 20 November, 2013 8:40 AM
Posted by Kevin Scully
...Posted by Kevin Scully
CEFC International reported its Q3-2013 results which showed a loss of RMB0.46mn.
Key highlights of the results:
a) a) Revenue rose 452% to RMB53.9mn in Q3-2013 over 2012 but compared to Q2-2013 revenue fell 88.5%
b) b) The group reported a net loss of RMB0.46mn in Q3-2013 compared to a loss of RMB0.25mn in Q2-2012
c) c) The Group had negative shareholders equity of RMB1.24mn as at 30 September 2013
In its results commentary, the Group explained that the loss was due to insufficient sales revenue to cover fixed costs. In its forward looking statement, the Group highlighted some of its ...