Xinhua Optimistic Despite Net Loss
FRONT PAGE: ORGANIZATION & STRATEGY
Xinhua Finance, the Chinese financial services and media company, is revising its full-year projections for 2004 upward despite suffering a net loss of ¥754.804 million in the first nine months of the year, under Japanese Generally Accepted Accounting Principles.
According to its nine-month results, announced last Monday, Nov. 15, Xinhua had turnover of about ¥4.144 billion, more than double the ¥1.916 billion in turnover experienced in the first half of the year. There are no comparative
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