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Fabchem China sinks into losses of $3.2 mil despite revenue growth

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
Fabchem China sinks into losses of $3.2 mil despite revenue growth
SINGAPORE (May 30): Commercial explosives manufacturer Fabchem China reported losses of RMB 15.1 million ($3.2 million) for the FY18 ended March, compared to earnings of RMB 1.0 million a year ago.
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SINGAPORE (May 30): Commercial explosives manufacturer Fabchem China reported losses of RMB 15.1 million ($3.2 million) for the FY18 ended March, compared to earnings of RMB 1.0 million a year ago.

This was mainly due to the absence of a gain of RMB 26.2 million a year ago from discontinued operations.

FY18 revenue jumped 28.8% to RMB 191.3 million, from RMB 148.5 million a year ago.

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