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LCD Panel Maker BOE Was Lossmaking in Q1

Post Time:Apr 30,2009Classify:Company NewsView:482

Chinese LCD panel maker BOE Technology Group Co., Ltd. (SZSE: 000725) reaped an operating revenue of CNY 721 million for the first quarter of 2009, sliding 75.45% compared with CNY 2.937 billion in the period of 2008, it announced in its financial results filed with the Shenzhen Stock Exchange on April 29. 

Net profit was negative CNY 411 million, plunging 234.49% compared with CNY 305 million in the year-ago period. Total assets had hit CNY 14.506 billion by the end of the quarter, up 4.06% compared with CNY 13.941 billion at the end of last year; owners' equity attributable to the parent company CNY 5.529 billion, down 6.87% compared with CNY 5.936 billion; and net assets per share attributable to the owners of the parent company CNY 1.68, down 7.18% compared with CNY 1.81.

In addition, return ratio on net assets was negative 7.43%, compared with 6.00% in the period of 2008. Basic and diluted earnings per share both hit negative CNY 0.13, compared with CNY 0.11 in the period of the prior year.

Source: BOE Technology Group Co., Ltd. Author: shangyi

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