China Education Resources Annual Loss Narrows

(RTTNews) - China Education Resources, Inc. (CHN.V) Saturday said its full-year attributable net loss narrowed to $791,396 from $2.72 million in the prior year.

Total revenue grew 6.1 percent to $10.7 million from $ 10.1 million in the previous year.

The revenue increase was due to a 22.2 percent increase in book sales and distribution services and a 15.1 percent decrease in sales of online products in 2014.

Chengfeng Zhou, CEO, China Education Resources, said, "We expect that our unique and comprehensive blend of education resources and services will generate more revenue, and we are encouraged by the increase in utilization of our internet platform and educational social network, which work together with our existing online/offline products."