Gansu Mogao Industrial Development Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 28, 2020 at 04:09 am EDT
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Gansu Mogao Industrial Development CO.,Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 36.319 million compared to CNY 86.697 million a year ago. Operating loss was CNY 13.221 million compared to operating Income of CNY 14.052 million a year ago. Net loss was CNY 9.372 million compared to net income of CNY 12.759 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to basic earnings per share from continuing operations of CNY 0.04 a year ago.
Gansu Mogao Industrial Development Co Ltd is a China-based company principally engaged in the businesses of wine, biodegradable materials and products, and pharmaceuticals. The Company primarily operates its businesses through four segments. The Wine Business segment is mainly engaged in grape planting, wine production and sales. The Pharmaceutical segment mainly produces compound licorice tablets and compound licorice oral solution. The New Environmentally Friendly Materials segment mainly produces biodegradable polyester new environmentally friendly materials. The Agricultural Film segment is mainly engaged in the production and sales of agricultural films. The Company mainly conducts its businesses in the domestic market.