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China Information Technology: 12Q4 Operating Revenue Decreases 5.9 Percent YoY

|Includes: China Information Technology (CNIT)

Prepared by ChinaScope Financial | Source:Imeigu

  • China Information Technology Inc. (CNIT: NASDAQ) announced that company operating revenue for the fourth quarter of 2012 decreased 5.9 percent year-on-year (YoY) to USD 29.4 million. Company net loss was USD 48.5 million, and adjusted net loss totaled USD 23.1 million.

 

  • In 2012, company operating revenue decreased 24.6 percent YoY to USD 86.4 million. Company net loss was USD 89.6 million, and adjusted net loss totaled USD 46.8 million.

For more news about CNIT, visit chinascopefinancial.com