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China Flexible Packaging narrows Q2 loss to 11.5m yuan

Tuesday, June 13, 2017 - 23:01

CHINA Flexible Packaging Holdings narrowed its net loss after tax in the second quarter by 68 per cent year on year to 11.52 million yuan (S$2.34 million).

Loss per share for the three months to April 30 was 0.85 renminbi cent, compared to 6.99 renminbi cent a year ago.

Revenue for the quarter was 21.82 million yuan, down 31.2 per cent from 31.69 million yuan in the year-ago period.

First-half net loss after tax was 25.88 million yuan, 63.5 per cent lower compared to 70.86 million yuan a year ago.

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