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
Singapore
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 million yuan, compared to 50.92 million yuan in Q4 2013. This was due to a slowdown in production activities, and the reversal of revenue following the cancellation of two contracts in H1 2014 (previously recognised in Q4 2013).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
Chevron's quarterly profit beats estimates