Marbridge Daily

<- January 31, 2012 ->

Datang Telecom Records Q1 2012 Loss of RMB 49 Mln

Shanghai Stock Exchange, 4/23/12

Chinese telecom equipment manufacturer Datang Telecom (600198.SH) has announced its financial results for the first quarter of 2012, with revenue down 24.3% YoY to RMB 871.89 mln.

The company suffered a net loss of RMB 48.72 mln, compared to a net loss of RMB 16.37 mln in the same period last year.

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