Linglong Investors Seek Answers on Unprofitable Serbian Plant

After the company reported that its plant in Serbia’s northern city of Zrenjanin posted a net loss of 130 million Chinese yuan ($18.3 million/ 15.5 million euro) in the six months through June, widening by 160% on the year, on revenues of 1.18 billion Chinese yuan, up by an annual 148.1%, several investors inquired when the plant is expected to turn to profit, during the earnings call on Tuesday, Chinese business newspaper Cailian Press reported. …

Source: SeeNews