Yongmao Holdings swings to 4Q loss on higher expenses, lower margins

SINGAPORE (May 30): Tower crane manufacturer Yongmao Holdings posted a loss of RMB2.3 million ($0.5 million) for the quarter ended March, compared to earnings of RMB5.7 million in 4Q17, due to higher expenses and lower margins.

This brings the group’s earnings for FY18 to RMB20.6 million, down 26.7% from RMB28.1 million a year ago.