Qingdao Doublestar losses over 4mln yuan in Q3
2012-10-29 0:00:00Font Size：Big Medium Small
As the leading tire company inShandongProvince, Qingdao Doublestar posted 4,055,400 yuan of loss in the third quarter of 2012.
According to the company’s statement, the company realized 4.435 billion yuan of revenue in the first three quarters in 2012, year-on-year down 5.38%. And it profited 5,283,500 yuan in the same period, yearly jumped 86.17%.
It is the first time to show deficit, said the company, because of lackluster demand and rising costs.
(By Amanda, mol@tireworld.com.cn)
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