Tibet Tianlu Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 02:55 pm EDT
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Tibet Tianlu Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 346.905 million compared to CNY 546.333 million a year ago. Operating loss was CNY 75.907 million compared to CNY 91,524.07 a year ago. Net loss was CNY 53.062 million compared to net income of CNY 4.672 million a year ago. Basic loss per share from continuing operations was CNY 0.0613 compared to basic earnings per share from continuing operations of CNY 0.0054 a year ago.
TIBET TIANLU CO., LTD. is a China-based company principally engaged in the engineering construction, construction material production and distribution and mineral exploration. Engineering Construction segment mainly contracts for highway pavement construction projects and bridge construction projects. The main product of Construction Material Production and Distribution segment is cement. Mineral Exploration segment is mainly involved in the early stage of mineral exploration. The Company operates its businesses primarily in Tibet Autonomous Region, China.
TIBET TIANLU CO., LTD. 
