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8Telecom International Q1 loss widens 65.5% YOY

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8Telecom International Q1 loss widens 65.5% YOY

8Telecom International Holdings Co. Ltd. said its normalized net income for the first quarter was a loss of 72,550 yuan, compared with a loss of 43,850 yuan in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income came to a loss of 116,080 yuan, or a loss of 0 fen per share, compared to a loss of 70,170 yuan, or a loss of 0 fen per share, in the year-earlier period.

As of May 9, US$1 was equivalent to 6.51 yuan.