Tianshan Wool H1 Loss Hits 4.2M Yuan - ResearchInChina

Date:2011-08-17     Source:dongyuyuzhjx  Text Size:

August 15 -- Xinjiang Tianshan Wool Tex Stock (000813), a maker of cashmere sweaters, woolen sweaters and cashmere yarn, reported a loss of 4.18 million yuan in the first half of 2011, with loss per share of 0.012 yuan, reports p5w.net, citing a company filing.

Sales revenue in the same period hit 140 million yuan, up 13.99 percent year-on-year.

The company attributed the loss to the higher price of raw materials, an increase in financial expenses and lower gross margins.

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