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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
By Kevin Scully-Financial Blog  •  November 20, 2013
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

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 ...

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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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