Cmmb Vision Holdings Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016
CMMB Vision Holdings Limited announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported loss attributable to owners of the company of $17,327,000 or $0.0110 per diluted share compared $21,405,000 or $0.0418 per diluted share reported last year. Revenue was $6,089,000 against $8,669,000 reported last year. Loss before tax was $16,737,000 against $21,665,000 reported last year. The decrease in revenue of $2,580,000 or 29.8% was mainly due to the decrease in trading of printed circuit board materials by $4,704,000, which is offset by the increase in TV rental income of $2,124,000.