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JES International's Q4 loss increases to 222.48m yuan

Loss for FY2014 narrows to 290.47m yuan from 552.19m yuan in FY2013; group plans to restructure its subsidiaries


CHINESE shipbuilder JES International's loss widened to 222.48 million yuan (S$49.34 million) in the fourth quarter ended Dec 31, 2014, compared to a loss of 182.28 million yuan in the corresponding three months a year ago.

Revenue for Q4 2014 fell 1.5 per cent to 50.14