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19-11-2015, 02:44 PM
Stocks with Momentum
Nov 19, 2015 - http://sdb.theedgemarkets.com/2015/SMR/S...uxvd97.pdf
......For 9M2015, Leader Environmental swung to a loss of RMB252.8 million ($56.4 million) from earnings of RMB0.12 million, hit by a massive write-off for impairment losses amounting to RMB250.5 million.
Allowances for impairment of trade receivables came in at RMB161.2 million, while allowances for impairment of advances to suppliers were RMB84.7 million.
Meanwhile, revenue for the quarter dropped 35.2% to RMB31.4 million because of the decrease in revenue of the industrial waste water, operation and maintenance, and design and technical segments........
Nov 19, 2015 - http://sdb.theedgemarkets.com/2015/SMR/S...uxvd97.pdf
......For 9M2015, Leader Environmental swung to a loss of RMB252.8 million ($56.4 million) from earnings of RMB0.12 million, hit by a massive write-off for impairment losses amounting to RMB250.5 million.
Allowances for impairment of trade receivables came in at RMB161.2 million, while allowances for impairment of advances to suppliers were RMB84.7 million.
Meanwhile, revenue for the quarter dropped 35.2% to RMB31.4 million because of the decrease in revenue of the industrial waste water, operation and maintenance, and design and technical segments........