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Article: DATANG TELECOM SUFFERS LOSS OF CNY 186.83MN IN 2003
- Article from:
- AsiaInfo Services
- Article date:
- April 20, 2004
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AsiaInfo Services
04-20-2004
Datang Telecom Suffers Loss of CNY 186.83Mn in 2003
BEIJING, Apr 20, 2004 (SinoCast via COMTEX) -- Datang Telecom Technology Co., Ltd. (Datang Telecom, SHSE. 600198) released its 2003 annual report on April 16, which makes the market depressed.
It had a total revenue of CNY 1.763 billion (USD 1 = CNY 8.2771) in 2003, reducing by CNY 328 million over the same period of the previous year. The losses amounted to CNY 186.83 million and the loss per share was CNY 0.4265.
The company believes that its performance was influenced by SARS (Severe Acute Respiratory Syndrome) in 2003. It says that its performance in the first quarter of 2004 is very good, but the specific ...