Western Metal Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 09:16 am
Share
Western Metal Materials Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 309.375 million compared to CNY 322.316 million a year ago. Operating loss was CNY 27.714 million compared to operating Income of CNY 3.170 million a year ago. Net loss was CNY 14.231 million compared to net income of CNY 1.373 million a year ago. Basic loss per share from continuing operations was CNY 0.0335 compared to basic earnings per share from continuing operations of CNY 0.0032 a year ago.
WESTERN METAL MATERIALS CO., LTD is a China-based company primarily engaged in the research and development, manufacture and sales of rare metal products. The Company provides rare metal clad materials and products, titanium products, metal fibers and products, refractory metal products, tungsten-molybdenum materials, as well as precious metal products and others. The Company is also engaged in the rare metal testing and processing business. The Company distributes its products in domestic market and to overseas markets.