AVIC expects a Q3 loss

admin
By admin October 15, 2015 20:32

AVIC expects a Q3 loss

AVIC Aircraft Company has warned the market that it expects to suffer a loss of up to 61.67 million yuan in the third quarter, compared with the net profit of 123.34 million yuan in the same period last year. For the year-to-date, the loss will be 116-140 million yuan, compared with the net profit of 46.53 million yuan in the same period last year. The company said that the loss was due to fewer aircraft deliveries in January-September.

admin
By admin October 15, 2015 20:32