Shanghai Turbo narrows FY18 loss to 14m yuan
Add BT as a preferred source
Singapore
SHANGHAI Turbo Enterprises narrowed its full-year 2018 net loss to 14 million yuan (S$2.8 million) from a restated year-ago loss of 158.1 million yuan as it managed to collect doubtful trade receivables.
Loss per share for the 12 months ended Dec 31, 2018 was 0.51 yuan, a smaller deficit than the loss per share of 5.75 yuan the year before. Shares of Shanghai Turbo, a China-based precision manufacturer, last traded at S$0.99 on Feb 27.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks
