China Flexible Packaging narrows Q2 loss to 11.5m yuan

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.