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Shenzhen Zhongjin swings to 52.9M yuan net loss in Q1

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Shenzhen Zhongjin swings to 52.9M yuan net loss in Q1

said April 28 that it recorded a net loss attributable toshareholders of 52.9 million Chinese yuan, or 2 fen per share, in the firstquarter.

Thiswas in line with guidance of a loss of between 45 million yuan and 55million yuan, and compares to a net profit of 58.2 million yuan, or 3 fen pershare, posted in the same quarterof 2015.

Operatingincome for the quarter increased 3.82% year over year to 2.93 billion yuan,while operating costs were up 3.53% to 2.93 billion yuan from 2.83 billion yuanrecorded a year ago.

As of April 27, US$1 wasequivalent to 6.50 Chinese yuan.